Alexander’s, Inc. (NYSE:ALX) Stake Raised by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of Alexander’s, Inc. (NYSE:ALX) by 29.1% during the fourth quarter, Holdings Channel reports. The firm owned 1,148 shares of the real estate investment trust’s stock after purchasing an additional 259 shares during the quarter. SG Americas Securities LLC’s holdings in Alexander’s were worth $230,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ALX. Ballentine Partners LLC purchased a new position in Alexander’s during the third quarter valued at approximately $205,000. Franklin Resources Inc. boosted its stake in Alexander’s by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 52 shares during the period. Principal Financial Group Inc. boosted its holdings in Alexander’s by 11.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust’s stock valued at $270,000 after purchasing an additional 115 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Alexander’s by 7.1% in the 2nd 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 in the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of Alexander’s by 7.2% during the 3rd 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 period. 31.99% of the stock is currently owned by institutional investors and hedge funds.

Alexander’s Price Performance

Shares of ALX stock opened at $196.72 on Friday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 21.29 and a beta of 0.84. Alexander’s, Inc. has a one year low of $184.76 and a one year high of $251.63. The company has a debt-to-equity ratio of 5.18, a current ratio of 10.21 and a quick ratio of 10.21. The stock’s fifty day simple moving average is $200.24 and its 200 day simple moving average is $219.49.

Alexander’s (NYSE:ALX) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $1.30 EPS for the quarter, missing the consensus estimate of $2.57 by ($1.27). The company had revenue of $55.68 million for the quarter, compared to the consensus estimate of $53.50 million. Alexander’s had a net margin of 20.33% and a return on equity of 21.79%. During the same period last year, the company earned $3.63 earnings per share. On average, analysts expect that Alexander’s, Inc. will post 14.84 earnings per share for the current fiscal year.

Alexander’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 9.15%. The ex-dividend date is Tuesday, February 18th. Alexander’s’s payout ratio is 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).