Alexander’s, Inc. (ALX) To Go Ex-Dividend on January 27th

Alexander’s, Inc. (NYSE:ALX – Get Rating) declared a quarterly dividend on Wednesday, January 18th, Zacks reports. Shareholders of record on Monday, January 30th will be paid a dividend of 4.50 per share by the real estate investment trust on Friday, February 10th. This represents a $18.00 annualized dividend and a yield of 7.66%. The ex-dividend date of this dividend is Friday, January 27th.

Alexander’s Stock Up 0.6 %

Shares of NYSE:ALX opened at $234.98 on Wednesday. The firm’s 50 day moving average price is $231.23 and its 200 day moving average price is $231.71. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 9.85 and a beta of 0.70. Alexander’s has a fifty-two week low of $200.96 and a fifty-two week high of $268.53. The company has a quick ratio of 10.79, a current ratio of 10.79 and a debt-to-equity ratio of 4.39.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Piper Sandler lifted their price objective on shares of Alexander’s to $160.00 in a research report on Friday, November 4th. StockNews.com started coverage on shares of Alexander’s in a research note on Wednesday, October 12th. They issued a “hold” rating for the company.

Hedge Funds Weigh In On Alexander’s

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its position in shares of Alexander’s by 4.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 32,688 shares of the real estate investment trust’s stock valued at $6,830,000 after acquiring an additional 1,253 shares in the last quarter. BNP Paribas Arbitrage SNC boosted its stake in Alexander’s by 47.8% during the third quarter. BNP Paribas Arbitrage SNC now owns 884 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 286 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Alexander’s by 14.8% during the third quarter. Alliancebernstein L.P. now owns 1,563 shares of the real estate investment trust’s stock valued at $327,000 after buying an additional 202 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Alexander’s by 46.4% during the third quarter. Price T Rowe Associates Inc. MD now owns 2,613 shares of the real estate investment trust’s stock valued at $547,000 after purchasing an additional 828 shares during the last quarter. Finally, Citadel Advisors LLC lifted its holdings in shares of Alexander’s by 15.4% during the third quarter. Citadel Advisors LLC now owns 3,019 shares of the real estate investment trust’s stock valued at $631,000 after purchasing an additional 403 shares during the last quarter. Hedge funds and other institutional investors own 33.94% of the company’s stock.

Alexander’s Company Profile

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Alexander's, Inc is a real estate investment trust which has seven properties in the greater New York City metropolitan area.