Principal Financial Group Inc. Acquires 115 Shares of Alexander’s, Inc. (NYSE:ALX)

Principal Financial Group Inc. increased its stake in shares of Alexander’s, Inc. (NYSE:ALX) by 11.5% during the third quarter, HoldingsChannel.com reports. The fund owned 1,112 shares of the real estate investment trust’s stock after purchasing an additional 115 shares during the period. Principal Financial Group Inc.’s holdings in Alexander’s were worth $270,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in Alexander’s by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock valued at $225,000 after acquiring an additional 52 shares in the last quarter. Barclays PLC lifted its holdings in Alexander’s by 369.7% during the 3rd quarter. Barclays PLC now owns 3,584 shares of the real estate investment trust’s stock worth $869,000 after buying an additional 2,821 shares in the last quarter. Zacks Investment Management acquired a new stake in Alexander’s in the third quarter worth about $3,148,000. Jane Street Group LLC lifted its holdings in Alexander’s by 162.6% in the third quarter. Jane Street Group LLC now owns 5,722 shares of the real estate investment trust’s stock valued at $1,387,000 after buying an additional 3,543 shares during the period. Finally, State Street Corp boosted its position in shares of Alexander’s by 1.6% in the 3rd quarter. State Street Corp now owns 58,122 shares of the real estate investment trust’s stock worth $14,086,000 after purchasing an additional 927 shares during the last quarter. Institutional investors own 31.99% of the company’s stock.

Alexander’s Price Performance

Alexander’s stock opened at $192.33 on Tuesday. Alexander’s, Inc. has a 1 year low of $190.91 and a 1 year high of $251.63. 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 $982.23 million, a P/E ratio of 20.81 and a beta of 0.84. The business has a 50-day moving average of $215.42 and a 200-day moving average of $224.99.

Alexander’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 11th were given a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 9.36%. The ex-dividend date of this dividend was Friday, November 8th. Alexander’s’s dividend payout ratio is currently 194.81%.

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).