JPMorgan Chase & Co. Cuts Stock Holdings in Alexander's, Inc. (NYSE:ALX)

JPMorgan Chase & Co. trimmed its position in shares of Alexander's, Inc. (NYSE:ALX - Free Report) by 4.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,753 shares of the real estate investment trust's stock after selling 4,462 shares during the period. JPMorgan Chase & Co. owned about 1.80% of Alexander's worth $22,237,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of Alexander's by 11.5% during the third quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust's stock valued at $270,000 after buying an additional 115 shares during the period. Franklin Resources Inc. boosted its holdings in 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 acquiring an additional 52 shares during the period. Barclays PLC grew its position in Alexander's by 369.7% in the 3rd quarter. Barclays PLC now owns 3,584 shares of the real estate investment trust's stock valued at $869,000 after acquiring an additional 2,821 shares during the last quarter. Zacks Investment Management bought a new position in Alexander's in the 3rd quarter valued at $3,148,000. Finally, Jane Street Group LLC increased its stake 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 worth $1,387,000 after purchasing an additional 3,543 shares during the period. 31.99% of the stock is owned by hedge funds and other institutional investors.

Alexander's Trading Down 1.0 %

Shares of ALX traded down $1.80 during trading hours on Thursday, reaching $187.64. 16,516 shares of the company traded hands, compared to its average volume of 14,103. The stock's fifty day moving average price is $213.02 and its 200 day moving average price is $224.26. 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 firm has a market cap of $958.28 million, a price-to-earnings ratio of 20.31 and a beta of 0.84. Alexander's, Inc. has a 12-month low of $185.44 and a 12-month high of $251.63.

Alexander's Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 9.59%. The ex-dividend date was Friday, November 8th. Alexander's's dividend payout ratio (DPR) is presently 194.81%.

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.