Hotchkis & Wiley Capital Management LLC Lowers Stake in Alexander's, Inc. (NYSE:ALX)

Hotchkis & Wiley Capital Management LLC cut its stake in Alexander's, Inc. (NYSE:ALX - Free Report) by 8.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,225 shares of the real estate investment trust's stock after selling 3,600 shares during the period. Hotchkis & Wiley Capital Management LLC's holdings in Alexander's were worth $9,507,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its stake in Alexander's by 3.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,265 shares of the real estate investment trust's stock worth $709,000 after acquiring an additional 95 shares during the last quarter. 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 worth $224,000 after purchasing an additional 73 shares in the last quarter. GraniteShares Advisors LLC increased its holdings in Alexander's by 14.3% in the second quarter. GraniteShares Advisors LLC now owns 8,768 shares of the real estate investment trust's stock valued at $1,972,000 after buying an additional 1,096 shares during the last quarter. Rhumbline Advisers raised its stake in Alexander's by 2.6% in the second 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Alexander's by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 34,745 shares of the real estate investment trust's stock worth $7,812,000 after buying an additional 413 shares during the last quarter. 31.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Alexander's from a "buy" rating to a "hold" rating in a research report on Wednesday, August 7th.

Alexander's Stock Performance

Shares of ALX stock traded down $1.33 during mid-day trading on Thursday, hitting $220.39. 12,504 shares of the stock were exchanged, compared to its average volume of 10,675. The stock's fifty day simple moving average is $227.42 and its two-hundred day simple moving average is $225.97. The company has a debt-to-equity ratio of 5.18, a quick ratio of 10.21 and a current ratio of 10.21. Alexander's, Inc. has a 12-month low of $184.00 and a 12-month high of $251.63.

Alexander's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 11th were given a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 8.17%. The ex-dividend date was Friday, November 8th. Alexander's's dividend payout ratio (DPR) is 194.81%.

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.