Geode Capital Management LLC Reduces Holdings in Alexander’s, Inc. (NYSE:ALX)

Geode Capital Management LLC cut its position in shares of Alexander’s, Inc. (NYSE:ALX) by 7.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,245 shares of the real estate investment trust’s stock after selling 4,293 shares during the quarter. Geode Capital Management LLC’s holdings in Alexander’s were worth $13,877,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ballentine Partners LLC purchased a new stake in shares of Alexander’s during the third quarter worth about $205,000. SG Americas Securities LLC purchased a new stake in shares of Alexander’s during the third quarter worth about $215,000. Principal Financial Group Inc. grew its holdings in shares of Alexander’s by 7.9% during the second quarter. Principal Financial Group Inc. now owns 997 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 73 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Alexander’s by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 1,290 shares of the real estate investment trust’s stock worth $290,000 after acquiring an additional 86 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in shares of Alexander’s by 7.2% in the third quarter. Inspire Investing LLC now owns 1,679 shares of the real estate investment trust’s stock worth $407,000 after acquiring an additional 113 shares during the last quarter. 31.99% of the stock is currently owned by hedge funds and other institutional investors.

Alexander’s Price Performance

ALX opened at $199.96 on Tuesday. The company’s 50 day simple moving average is $218.95 and its 200 day simple moving average is $225.69. The company has a debt-to-equity ratio of 5.18, a quick ratio of 10.21 and a current ratio of 10.21. Alexander’s, Inc. has a 1 year low of $196.00 and a 1 year high of $251.63. The stock has a market capitalization of $1.02 billion, a PE ratio of 21.64 and a beta of 0.83.

Alexander’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 11th were given a $4.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $18.00 annualized dividend and a dividend yield of 9.00%. Alexander’s’s dividend payout ratio is presently 194.81%.

Alexander’s Profile

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).