Zacks Investment Management Boosts Stake in Alexander's, Inc. (NYSE:ALX)

Zacks Investment Management raised its stake in shares of Alexander's, Inc. (NYSE:ALX - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,541 shares of the real estate investment trust's stock after acquiring an additional 1,551 shares during the period. Zacks Investment Management owned about 0.28% of Alexander's worth $2,909,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALX. Norges Bank acquired a new position in Alexander's in the 4th quarter worth approximately $1,299,000. May Hill Capital LLC acquired a new stake in shares of Alexander's in the fourth quarter worth approximately $1,049,000. Jane Street Group LLC raised its position in shares of 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 last quarter. Barclays PLC boosted its holdings in shares of 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 purchasing an additional 2,821 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in shares of Alexander's by 19.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 16,007 shares of the real estate investment trust's stock worth $3,202,000 after acquiring an additional 2,572 shares during the last quarter. Hedge funds and other institutional investors own 31.99% of the company's stock.

Alexander's Trading Up 0.8 %

ALX stock traded up $1.71 during trading on Wednesday, reaching $204.53. 2,516 shares of the stock were exchanged, compared to its average volume of 12,983. The business has a 50 day moving average price of $207.91 and a 200-day moving average price of $209.83. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 24.18 and a beta of 0.82. The company has a current ratio of 13.18, a quick ratio of 13.18 and a debt-to-equity ratio of 5.59. Alexander's, Inc. has a 1 year low of $184.76 and a 1 year high of $251.63.

Alexander's (NYSE:ALX - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $4.06 EPS for the quarter, topping the consensus estimate of $3.71 by $0.35. Alexander's had a return on equity of 21.45% and a net margin of 19.19%. On average, research analysts predict that Alexander's, Inc. will post 11.5 earnings per share for the current year.

Alexander's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a dividend of $4.50 per share. The ex-dividend date was Tuesday, February 18th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 8.80%. Alexander's's dividend payout ratio (DPR) is 212.77%.

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.