Alexander’s (NYSE:ALX) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Alexander’s, Inc. (NYSE:ALX) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $215.89 and traded as low as $211.74. Alexander’s shares last traded at $213.06, with a volume of 159,213 shares changing hands.

Alexander’s Stock Performance

The company has a market cap of $1.09 billion, a PE ratio of 27.60 and a beta of 0.85. The company has a debt-to-equity ratio of 6.06, a quick ratio of 11.19 and a current ratio of 11.19. The stock’s 50-day simple moving average is $233.89 and its 200 day simple moving average is $215.89.

Alexander’s (NYSE:ALX) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $4.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.57 by $0.49. The business had revenue of $54.92 million for the quarter, compared to analyst estimates of $56.00 million. Alexander’s had a net margin of 18.03% and a return on equity of 21.34%. As a group, equities analysts anticipate that Alexander’s, Inc. will post 11.5 EPS for the current year.

Alexander’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 11th will be paid a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date of this dividend is Monday, August 11th. Alexander’s’s dividend payout ratio is 233.16%.

Institutional Trading of Alexander’s

Hedge funds have recently modified their holdings of the business. Nuveen LLC acquired a new stake in Alexander’s in the first quarter valued at $62,118,000. H 2 Credit Manager LP purchased a new position in shares of Alexander’s in the 1st quarter valued at about $13,663,000. Voss Capital LP acquired a new stake in shares of Alexander’s in the first quarter valued at about $3,600,000. Goldman Sachs Group Inc. lifted its stake in shares of Alexander’s by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 355,152 shares of the real estate investment trust’s stock valued at $74,284,000 after purchasing an additional 12,060 shares during the period. Finally, Beverly Hills Private Wealth LLC boosted its holdings in Alexander’s by 170.7% during the second quarter. Beverly Hills Private Wealth LLC now owns 17,954 shares of the real estate investment trust’s stock worth $4,045,000 after buying an additional 11,322 shares in the last quarter. 31.99% of the stock is owned by institutional investors and hedge funds.

About Alexander’s

Alexander’s, Inc (NYSE: ALX) is a real estate investment trust (REIT), incorporated in Delaware, engaged in leasing, managing, developing and redeveloping its properties. All references to we, us, our, Company and Alexander’s refer to Alexander’s, Inc and its consolidated subsidiaries. We are managed by, and our properties are leased and developed by, Vornado Realty Trust (Vornado) (NYSE: VNO).