Alexander's, Inc. (NYSE:ALX) Shares Acquired by Denali Advisors LLC

Denali Advisors LLC lifted its stake in Alexander's, Inc. (NYSE:ALX - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,315 shares of the real estate investment trust's stock after purchasing an additional 2,502 shares during the period. Denali Advisors LLC owned about 0.57% of Alexander's worth $5,865,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp boosted its holdings in Alexander's by 1.6% in the third quarter. State Street Corp now owns 58,122 shares of the real estate investment trust's stock valued at $14,086,000 after purchasing an additional 927 shares during the period. Los Angeles Capital Management LLC boosted its holdings in Alexander's by 19.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 16,007 shares of the real estate investment trust's stock valued at $3,202,000 after purchasing an additional 2,572 shares during the period. Zacks Investment Management purchased a new position in Alexander's in the third quarter valued at $3,148,000. New York State Common Retirement Fund boosted its holdings in Alexander's by 6.2% in the fourth quarter. New York State Common Retirement Fund now owns 10,318 shares of the real estate investment trust's stock valued at $2,064,000 after purchasing an additional 600 shares during the period. Finally, Jane Street Group LLC boosted its holdings in 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 purchasing an additional 3,543 shares during the period. 31.99% of the stock is currently owned by hedge funds and other institutional investors.

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Alexander's Stock Down 0.6 %

NYSE:ALX traded down $1.32 during midday trading on Friday, reaching $214.75. The company had a trading volume of 28,876 shares, compared to its average volume of 13,656. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 25.38 and a beta of 0.84. The stock's fifty day simple moving average is $196.88 and its 200-day simple moving average is $216.64. Alexander's, Inc. has a 12-month low of $184.76 and a 12-month high of $251.63. 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 (NYSE:ALX - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, sell-side analysts anticipate that Alexander's, Inc. will post 11.5 earnings per share for the current fiscal year.

Alexander's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a yield of 8.38%. The ex-dividend date was Tuesday, February 18th. Alexander's's dividend payout ratio (DPR) is 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.