Wells Fargo & Company MN raised its holdings in shares of Alexander’s, Inc. (NYSE:ALX – Free Report) by 51.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,004 shares of the real estate investment trust’s stock after acquiring an additional 342 shares during the quarter. Wells Fargo & Company MN’s holdings in Alexander’s were worth $201,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Principal Financial Group Inc. grew its holdings in shares of Alexander’s by 7.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,193 shares of the real estate investment trust’s stock worth $239,000 after acquiring an additional 81 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Alexander’s by 7.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,765 shares of the real estate investment trust’s stock valued at $553,000 after purchasing an additional 200 shares during the period. Rhumbline Advisers increased its position in shares of Alexander’s by 7.0% during the 4th quarter. Rhumbline Advisers now owns 3,555 shares of the real estate investment trust’s stock valued at $711,000 after purchasing an additional 234 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Alexander’s by 29.1% in the 4th quarter. SG Americas Securities LLC now owns 1,148 shares of the real estate investment trust’s stock worth $230,000 after purchasing an additional 259 shares during the period. Finally, Inspire Investing LLC boosted its holdings in shares of Alexander’s by 21.0% in the fourth quarter. Inspire Investing LLC now owns 2,032 shares of the real estate investment trust’s stock worth $407,000 after buying an additional 353 shares during the last quarter. Institutional investors own 31.99% of the company’s stock.
Alexander’s Stock Down 0.4 %
Shares of ALX stock opened at $212.05 on Friday. 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, Inc. has a 12 month low of $184.76 and a 12 month high of $251.63. The stock has a market cap of $1.08 billion, a P/E ratio of 25.06 and a beta of 0.78. The company has a 50 day simple moving average of $207.89 and a two-hundred day simple moving average of $208.14.
Alexander’s Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 12th will be given a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 8.49%. Alexander’s’s payout ratio is currently 233.16%.
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).
Recommended Stories
- Five stocks we like better than Alexander’s
- What is MarketRank™? How to Use it
- IBM’s AI Offensive: Assessing IBM’s Path to Renewed Growth
- Insider Trades May Not Tell You What You Think
- Rockwell Automation: Tailwinds From Onshoring U.S. Production
- How to Short a Stock in 5 Easy Steps
- Is Energy Transfer Undervalued or a Value Trap?
Want to see what other hedge funds are holding ALX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexander’s, Inc. (NYSE:ALX – Free Report).
Receive News & Ratings for Alexander's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexander's and related companies with MarketBeat.com's FREE daily email newsletter.