Bank of New York Mellon Corp Sells 13,536 Shares of Alexander's, Inc. (NYSE:ALX)

Bank of New York Mellon Corp trimmed its position in shares of Alexander's, Inc. (NYSE:ALX - Free Report) by 49.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,105 shares of the real estate investment trust's stock after selling 13,536 shares during the quarter. Bank of New York Mellon Corp owned 0.28% of Alexander's worth $2,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ALX. New York State Common Retirement Fund boosted its stake in shares of Alexander's by 6.2% in the 4th quarter. New York State Common Retirement Fund now owns 10,318 shares of the real estate investment trust's stock worth $2,064,000 after buying an additional 600 shares during the last quarter. Principal Financial Group Inc. grew its stake in Alexander's by 7.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,193 shares of the real estate investment trust's stock valued at $239,000 after purchasing an additional 81 shares during the period. Rhumbline Advisers increased its position in shares of Alexander's by 7.0% during the 4th quarter. Rhumbline Advisers now owns 3,555 shares of the real estate investment trust's stock valued at $711,000 after purchasing an additional 234 shares during the last quarter. Inspire Investing LLC raised its stake in shares of Alexander's by 21.0% during the 4th quarter. Inspire Investing LLC now owns 2,032 shares of the real estate investment trust's stock worth $407,000 after purchasing an additional 353 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Alexander's by 29.1% in the 4th quarter. SG Americas Securities LLC now owns 1,148 shares of the real estate investment trust's stock worth $230,000 after buying an additional 259 shares during the last quarter. Institutional investors own 31.99% of the company's stock.

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Alexander's Stock Performance

NYSE ALX traded up $1.16 during trading hours on Monday, reaching $213.34. 13,011 shares of the company were exchanged, compared to its average volume of 11,799. The stock has a market capitalization of $1.09 billion, a P/E ratio of 25.22 and a beta of 0.83. The company has a quick ratio of 13.18, a current 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. The business's 50 day simple moving average is $202.57 and its 200-day simple moving average is $215.18.

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

Alexander's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were issued a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 8.44%. The ex-dividend date was Tuesday, February 18th. Alexander's's dividend payout ratio (DPR) is currently 212.77%.

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.