Alexander’s (NYSE:ALX) Stock Crosses Below 200 Day Moving Average of $367.43

Alexander’s, Inc. (NYSE:ALX) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $367.43 and traded as low as $324.67. Alexander’s shares last traded at $329.20, with a volume of 366 shares traded.

Separately, TheStreet lowered Alexander’s from a “b” rating to a “c+” rating in a research report on Monday, July 29th.

The stock has a market capitalization of $1.67 billion, a P/E ratio of 16.83 and a beta of 0.34. The company has a current ratio of 12.91, a quick ratio of 12.91 and a debt-to-equity ratio of 3.70. The company has a 50-day moving average price of $345.60 and a 200 day moving average price of $366.95.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Monday, November 4th will be given a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend is Friday, November 1st.

A number of large investors have recently made changes to their positions in the stock. California Public Employees Retirement System increased its position in Alexander’s by 13.1% during the 3rd quarter. California Public Employees Retirement System now owns 5,191 shares of the real estate investment trust’s stock valued at $1,809,000 after buying an additional 600 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Alexander’s by 25.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 539 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 108 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Alexander’s by 106.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 918 shares of the real estate investment trust’s stock valued at $320,000 after buying an additional 473 shares in the last quarter. Denali Advisors LLC increased its position in Alexander’s by 150.0% during the 3rd quarter. Denali Advisors LLC now owns 5,500 shares of the real estate investment trust’s stock valued at $1,916,000 after buying an additional 3,300 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Alexander’s during the 2nd quarter valued at about $325,000. 34.13% of the stock is currently owned by institutional investors.

Alexander’s Company Profile (NYSE:ALX)

Alexander’s, Inc is a real estate investment trust, which engages in leasing, managing, development and redeveloping its properties. Its operating properties are located in the greater New York City metropolitan area. The company was founded on May 16, 1955 and is headquartered in Paramus, NJ.

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