Los Angeles Capital Management LLC Buys 2,572 Shares of Alexander's, Inc. (NYSE:ALX)

Los Angeles Capital Management LLC raised its position in shares of Alexander's, Inc. (NYSE:ALX - Free Report) by 19.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,007 shares of the real estate investment trust's stock after buying an additional 2,572 shares during the period. Los Angeles Capital Management LLC owned about 0.31% of Alexander's worth $3,202,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Asset Management One Co. Ltd. increased its stake in shares of Alexander's by 4.8% in the third quarter. Asset Management One Co. Ltd. now owns 3,142 shares of the real estate investment trust's stock valued at $761,000 after buying an additional 144 shares in the last quarter. Principal Financial Group Inc. increased its position in Alexander's by 11.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust's stock valued at $270,000 after acquiring an additional 115 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of Alexander's by 20.5% in the third quarter. Penserra Capital Management LLC now owns 4,554 shares of the real estate investment trust's stock worth $1,103,000 after acquiring an additional 775 shares during the last quarter. FMR LLC lifted its position in shares of Alexander's by 17.1% during the third quarter. FMR LLC now owns 3,484 shares of the real estate investment trust's stock worth $844,000 after purchasing an additional 510 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Alexander's by 1.6% during 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 last quarter. Institutional investors and hedge funds own 31.99% of the company's stock.

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Alexander's Trading Down 0.7 %

ALX stock traded down $1.59 during trading on Monday, hitting $212.75. The company had a trading volume of 13,757 shares, compared to its average volume of 11,535. The firm has a 50-day moving average price of $197.12 and a 200-day moving average price of $216.65. Alexander's, Inc. has a 12 month low of $184.76 and a 12 month high of $251.63. The company has a quick ratio of 13.18, a current ratio of 13.18 and a debt-to-equity ratio of 5.59. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 25.15 and a beta of 0.84.

Alexander's (NYSE:ALX - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share 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%. As a group, analysts predict that Alexander's, Inc. will post 11.5 earnings per share for the current year.

Alexander's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 8.46%. The ex-dividend date was Tuesday, February 18th. Alexander's's dividend payout ratio (DPR) is presently 212.77%.

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.