Charles Schwab Investment Management Inc. Lowers Holdings in Alexander's, Inc. (NYSE:ALX)

Charles Schwab Investment Management Inc. reduced its position in shares of Alexander's, Inc. (NYSE:ALX - Free Report) by 21.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,424 shares of the real estate investment trust's stock after selling 4,725 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.34% of Alexander's worth $3,486,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ALX. Franklin Resources Inc. lifted its position in shares of 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 buying an additional 52 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Alexander's by 29.1% in the fourth quarter. SG Americas Securities LLC now owns 1,148 shares of the real estate investment trust's stock worth $230,000 after purchasing an additional 259 shares during the period. Principal Financial Group Inc. increased its stake in shares of Alexander's by 7.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,193 shares of the real estate investment trust's stock worth $239,000 after purchasing an additional 81 shares in the last quarter. Inspire Investing LLC boosted its holdings 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 valued at $407,000 after purchasing an additional 353 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings 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. Hedge funds and other institutional investors own 31.99% of the company's stock.

Alexander's Price Performance

Shares of ALX stock traded down $1.51 during trading hours on Monday, hitting $209.57. The stock had a trading volume of 22,936 shares, compared to its average volume of 12,536. The company has a debt-to-equity ratio of 5.59, a current ratio of 13.18 and a quick ratio of 13.18. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 24.77 and a beta of 0.83. Alexander's, Inc. has a one year low of $184.76 and a one year high of $251.63. The stock's 50-day moving average price is $205.08 and its two-hundred day moving average price is $214.33.

Alexander's (NYSE:ALX - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $4.06 EPS for the quarter, beating 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%. Equities analysts forecast that Alexander's, Inc. will post 11.5 EPS for the current year.

Alexander's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 8.59%. The ex-dividend date of this dividend was Tuesday, February 18th. Alexander's's payout ratio 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.