Short traders are more bullish on shares of the company recently if you put credence in the fall in short interest. The firm had a fall in short interest of -10.49% between September 29, 2017 and October 13, 2017. Short shares fell 4,050 over that timeframe. Days to cover increased 1.0 to 7.0 and the short interest percentage is 0.01% as of October 13.
Here are a few substantial investment firms who have updated their positions. As of quarter end First Quadrant L P/ca had sold 76 shares trimming its holdings by 4.4%. The value of the investment in (ALX) decreased from $736,000 to $709,000 a change of 3.7% since the last quarter. Strs Ohio divested its investment by selling 66 shares a decrease of 2.0% as of 09/30/2017. Strs Ohio owns 3,264 shares worth $1,384,000. The value of the position overall is down by 1.4%.
First Trust Advisors Lp added to its stake by buying 83 shares an increase of 8.4%. First Trust Advisors Lp controls 1,068 shares valued at $453,000. The total value of its holdings increased 9.2%. As of the end of the quarter Nationwide Fund Advisors had disposed of a total of 26 shares trimming its stake by 2.2%. The value of the company’s investment in Alexander’s, Inc. went from $504,000 to $496,000 a change of $8,000 quarter over quarter.
The company is now down from yesterday’s close of $411.00. Additionally the company announced a dividend for shareholders which will be paid on Monday the 20th of November 2017. The dividend will be $4.250 per share for the quarter or $17.00 on an annualized basis. The dividend yield will be $4.07. The ex-dividend date is Thursday the 3rd of August 2017.
Shares are trading at $411.00 which is marginally lower than the 50 day moving average of $424.40 and a tad under the 200 day moving average of $422.86. The 50 day moving average was down by -3.16% whereas the 200 day average was down by -2.81%.
Alexander’s, Inc. currently has a P/E ratio of 24.73 and the market value is 2.10B.
Alexander’s, Inc., launched on May 16, 1955, is a real estate investment trust (REIT). The Company is involved in leasing, managing, developing and redeveloping its properties. The Company is managed by, and its properties are leased and developed by, Vornado Realty Trust (Vornado). As of December 31, 2016, the Company had seven properties in the greater New York City metropolitan area consisting of 731 Lexington Avenue; Rego Park I; Rego Park II; The Alexander apartment tower; Paramus, and Flushing. As of December 31, 2016, the Business’s 731 Lexington Avenue was a 1,311,000-square foot multi-use building, consisting of block bounded by Lexington Avenue, East 59th Street, Third Avenue and East 58th Street in Manhattan. As of December 31, 2016, The Home Depot (83,000 square feet), The Container Store (34,000 square feet) and Hennes & Mauritz (27,000 square feet) were the principal retail tenants. As of December 31, 2016, the Business’s Rego Park I was a 343,000-square foot shopping center, located on Queens Boulevard and 63rd Road in Queens. As of December 31, 2016, the center was anchored by a 195,000-square foot Sears department store, a 50,000-square foot Burlington Coat Factory, a 46,000-square foot Bed Bath & Beyond and a 36,000-square foot Marshalls..