SG Americas Securities LLC Acquires 9,921 Shares of Alexander’s, Inc. $ALX

SG Americas Securities LLC boosted its holdings in Alexander’s, Inc. (NYSE:ALX) by 962.3% in the fourth quarter, Holdings Channel reports. The firm owned 10,952 shares of the real estate investment trust’s stock after purchasing an additional 9,921 shares during the quarter. SG Americas Securities LLC’s holdings in Alexander’s were worth $2,387,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC boosted its stake in shares of Alexander’s by 19.9% during the 4th quarter. Park Avenue Securities LLC now owns 1,815 shares of the real estate investment trust’s stock worth $396,000 after buying an additional 301 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Alexander’s by 40.3% in the third quarter. JPMorgan Chase & Co. now owns 19,230 shares of the real estate investment trust’s stock valued at $4,509,000 after acquiring an additional 5,519 shares during the last quarter. Advisory Services Network LLC raised its holdings in Alexander’s by 25.4% during the third quarter. Advisory Services Network LLC now owns 1,670 shares of the real estate investment trust’s stock worth $392,000 after acquiring an additional 338 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Alexander’s during the third quarter worth about $864,000. Finally, Dark Forest Capital Management LP acquired a new position in Alexander’s during the third quarter valued at approximately $1,463,000. 31.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on ALX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alexander’s in a research report on Wednesday, January 21st. Zacks Research downgraded Alexander’s from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Alexander’s Stock Down 0.1%

Shares of ALX stock opened at $230.56 on Friday. The company has a debt-to-equity ratio of 7.60, a quick ratio of 8.36 and a current ratio of 8.36. The firm’s 50-day moving average is $239.17 and its 200-day moving average is $230.53. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 42.00 and a beta of 0.79. Alexander’s, Inc. has a 52-week low of $189.05 and a 52-week high of $260.84.

Alexander’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were given a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Tuesday, February 17th. Alexander’s’s payout ratio is 327.87%.

Alexander’s Profile

Alexander’s (NYSE: ALX) is a publicly traded real estate investment trust focused on owning, leasing and managing commercial properties in the New York metropolitan area. The company’s portfolio encompasses office buildings, retail storefronts and parking facilities, all held on a wholly owned basis. By concentrating on prime urban and suburban locations, Alexander’s seeks to generate stable rental income and long-term asset appreciation.

Founded in 1928 as a family-run department store chain, Alexander’s transitioned during the early 1990s into a pure-play real estate company following the sale of its retail operations.