Geode Capital Management LLC Sells 4,293 Shares of Alexander's, Inc. (NYSE:ALX)

Geode Capital Management LLC lowered its stake in shares of Alexander's, Inc. (NYSE:ALX - Free Report) by 7.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,245 shares of the real estate investment trust's stock after selling 4,293 shares during the quarter. Geode Capital Management LLC's holdings in Alexander's were worth $13,877,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALX. Principal Financial Group Inc. grew its stake in shares of Alexander's by 7.9% during the second quarter. Principal Financial Group Inc. now owns 997 shares of the real estate investment trust's stock valued at $224,000 after purchasing an additional 73 shares during the last quarter. Rhumbline Advisers boosted its position in Alexander's by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 3,478 shares of the real estate investment trust's stock valued at $782,000 after buying an additional 87 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Alexander's by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 34,745 shares of the real estate investment trust's stock valued at $7,812,000 after buying an additional 413 shares during the period. Denali Advisors LLC raised its position in shares of Alexander's by 51.2% during the second quarter. Denali Advisors LLC now owns 19,500 shares of the real estate investment trust's stock worth $4,385,000 after acquiring an additional 6,600 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Alexander's by 7.1% during the second quarter. The Manufacturers Life Insurance Company now owns 1,290 shares of the real estate investment trust's stock worth $290,000 after acquiring an additional 86 shares during the last quarter. Institutional investors and hedge funds own 31.99% of the company's stock.

Alexander's Trading Up 0.1 %

Alexander's stock traded up $0.10 during mid-day trading on Tuesday, hitting $200.06. The stock had a trading volume of 32,927 shares, compared to its average volume of 11,075. The stock has a market capitalization of $1.02 billion, a PE ratio of 21.65 and a beta of 0.83. Alexander's, Inc. has a 12 month low of $196.00 and a 12 month high of $251.63. The company has a current ratio of 10.21, a quick ratio of 10.21 and a debt-to-equity ratio of 5.18. The stock has a 50-day simple moving average of $218.37 and a two-hundred day simple moving average of $225.59.

Alexander's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 11th were given a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 9.00%. The ex-dividend date of this dividend was Friday, November 8th. Alexander's's dividend payout ratio is 194.81%.

Alexander's Company 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.