Alexander’s (NYSE:ALX) Downgraded by StockNews.com

StockNews.com downgraded shares of Alexander’s (NYSE:ALXFree Report) from a buy rating to a hold rating in a report issued on Friday morning.

Separately, Piper Sandler dropped their price target on shares of Alexander’s from $160.00 to $145.00 and set an underweight rating on the stock in a research note on Monday, May 13th.

Read Our Latest Stock Report on Alexander’s

Alexander’s Trading Down 1.2 %

Shares of Alexander’s stock opened at $210.66 on Friday. Alexander’s has a 52-week low of $162.50 and a 52-week high of $237.18. The company has a quick ratio of 14.35, a current ratio of 14.35 and a debt-to-equity ratio of 4.75. The company’s 50-day simple moving average is $214.61 and its 200-day simple moving average is $214.22. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 10.07 and a beta of 0.79.

Alexander’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 13th were issued a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a yield of 8.54%. The ex-dividend date of this dividend was Friday, May 10th. Alexander’s’s dividend payout ratio is currently 86.04%.

Institutional Trading of Alexander’s

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Alexander’s by 3.3% during the third quarter. Vanguard Group Inc. now owns 326,963 shares of the real estate investment trust’s stock worth $59,582,000 after buying an additional 10,513 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Alexander’s by 8.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 3,331 shares of the real estate investment trust’s stock valued at $726,000 after purchasing an additional 250 shares in the last quarter. Mariner LLC lifted its holdings in shares of Alexander’s by 2.6% in the third quarter. Mariner LLC now owns 6,637 shares of the real estate investment trust’s stock valued at $1,209,000 after purchasing an additional 167 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Alexander’s in the fourth quarter valued at about $115,000. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Alexander’s by 220.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 9,973 shares of the real estate investment trust’s stock valued at $2,130,000 after purchasing an additional 6,863 shares in the last quarter. Hedge funds and other institutional investors own 31.99% of the company’s stock.

Alexander’s Company Profile

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Alexander's, Inc is a real estate investment trust which has five properties in New York City.

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