Barclays PLC Grows Position in Alexander’s, Inc. (NYSE:ALX)

Barclays PLC boosted its stake in shares of Alexander’s, Inc. (NYSE:ALX) by 369.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,584 shares of the real estate investment trust’s stock after purchasing an additional 2,821 shares during the period. Barclays PLC’s holdings in Alexander’s were worth $869,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ballentine Partners LLC purchased a new stake in Alexander’s during the third quarter worth $205,000. SG Americas Securities LLC bought a new stake in shares of Alexander’s in the 3rd quarter valued at about $215,000. Principal Financial Group Inc. raised its stake in shares of Alexander’s by 7.9% during the 2nd quarter. Principal Financial Group Inc. now owns 997 shares of the real estate investment trust’s stock worth $224,000 after acquiring an additional 73 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Alexander’s by 7.1% during the second quarter. The Manufacturers Life Insurance Company now owns 1,290 shares of the real estate investment trust’s stock valued at $290,000 after acquiring an additional 86 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in 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 valued at $407,000 after acquiring an additional 113 shares in the last quarter. Institutional investors own 31.99% of the company’s stock.

Alexander’s Price Performance

NYSE ALX opened at $200.06 on Wednesday. The company has a current ratio of 10.21, a quick ratio of 10.21 and a debt-to-equity ratio of 5.18. The firm has a market capitalization of $1.02 billion, a P/E ratio of 21.65 and a beta of 0.83. The firm’s fifty day simple moving average is $217.79 and its two-hundred day simple moving average is $225.50. Alexander’s, Inc. has a 12-month low of $196.00 and a 12-month high of $251.63.

Alexander’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 11th were issued a $4.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 9.00%. Alexander’s’s dividend payout ratio is currently 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).