Alexander’s, Inc. (NYSE:ALX) has earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Brokers have set a 12-month consensus target price of $360.00 for the company, according to Zacks. Zacks has also given Alexander’s an industry rank of 169 out of 255 based on the ratings given to related companies.
A number of hedge funds have recently made changes to their positions in ALX. Bank of Montreal Can purchased a new position in Alexander’s during the 2nd quarter worth $66,000. New York State Teachers Retirement System acquired a new stake in Alexander’s during the 4th quarter worth about $66,000. Point72 Asset Management L.P. acquired a new stake in Alexander’s during the 3rd quarter worth about $105,000. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 worth $188,000 after acquiring an additional 108 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in Alexander’s by 237.4% during the 4th quarter. State of Alaska Department of Revenue now owns 604 shares of the real estate investment trust’s stock worth $199,000 after acquiring an additional 425 shares during the period. Hedge funds and other institutional investors own 34.11% of the company’s stock.
Shares of NYSE:ALX traded down $4.08 on Friday, reaching $340.17. The company had a trading volume of 5,784 shares, compared to its average volume of 10,468. Alexander’s has a 52-week low of $311.77 and a 52-week high of $394.70. The firm’s 50 day simple moving average is $331.37 and its 200-day simple moving average is $348.05. The firm has a market capitalization of $1.74 billion, a PE ratio of 31.32 and a beta of 0.36. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, January 27th will be paid a dividend of $4.50 per share. The ex-dividend date is Friday, January 24th. This represents a $18.00 annualized dividend and a yield of 5.29%.
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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