12,990 Shares in Alexander's, Inc. (NYSE:ALX) Purchased by Zacks Investment Management

Zacks Investment Management bought a new position in shares of Alexander's, Inc. (NYSE:ALX - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,990 shares of the real estate investment trust's stock, valued at approximately $3,148,000.

Several other large investors have also added to or reduced their stakes in the business. Ballentine Partners LLC acquired a new stake in Alexander's in the third quarter valued at $205,000. SG Americas Securities LLC acquired a new stake in Alexander's in the third quarter valued at $215,000. Principal Financial Group Inc. lifted its stake in Alexander's by 7.9% in the second quarter. Principal Financial Group Inc. now owns 997 shares of the real estate investment trust's stock valued at $224,000 after acquiring an additional 73 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in 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 valued at $290,000 after acquiring an additional 86 shares during the last quarter. Finally, Inspire Investing LLC raised 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 valued at $407,000 after purchasing an additional 113 shares during the period. Institutional investors and hedge funds own 31.99% of the company's stock.

Alexander's Trading Down 2.0 %

Shares of ALX traded down $4.31 during trading hours on Monday, hitting $215.09. The company had a trading volume of 15,991 shares, compared to its average volume of 10,702. The business has a fifty day moving average of $225.99 and a 200-day moving average of $226.21. Alexander's, Inc. has a 12 month low of $187.39 and a 12 month 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.

Alexander's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 11th were given a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 8.37%. The ex-dividend date was Friday, November 8th. Alexander's's payout ratio is presently 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.