SG Americas Securities LLC Has $17.65 Million Position in Alexander’s, Inc. $ALX

SG Americas Securities LLC increased its position in shares of Alexander’s, Inc. (NYSE:ALX) by 582.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 74,728 shares of the real estate investment trust’s stock after buying an additional 63,776 shares during the quarter. SG Americas Securities LLC owned 1.46% of Alexander’s worth $17,651,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in Alexander’s by 625.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 116 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Van ECK Associates Corp bought a new position in shares of Alexander’s during the 3rd quarter worth approximately $32,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Alexander’s in the fourth quarter valued at approximately $38,000. Tower Research Capital LLC TRC raised its holdings in shares of Alexander’s by 89.1% in the second quarter. Tower Research Capital LLC TRC now owns 208 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 98 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Alexander’s by 104.0% in the third quarter. Larson Financial Group LLC now owns 204 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 104 shares during the last quarter. 31.99% of the stock is currently owned by institutional investors.

Insider Activity at Alexander’s

In other news, Director Russell B. Wight, Jr. sold 423 shares of Alexander’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $267.00, for a total value of $112,941.00. Following the completion of the transaction, the director owned 900 shares of the company’s stock, valued at $240,300. This trade represents a 31.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 26.36% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Alexander’s in a report on Monday, April 20th. Zacks Research lowered shares of Alexander’s from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Alexander’s Stock Up 0.2%

NYSE:ALX opened at $266.44 on Friday. Alexander’s, Inc. has a twelve month low of $201.28 and a twelve month high of $271.02. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 66.61 and a beta of 0.78. The company has a quick ratio of 6.92, a current ratio of 6.92 and a debt-to-equity ratio of 9.17. The stock’s 50 day moving average price is $250.82 and its two-hundred day moving average price is $239.73.

Alexander’s (NYSE:ALX) last released its quarterly earnings data on Monday, May 4th. The real estate investment trust reported $0.91 EPS for the quarter, missing the consensus estimate of $3.08 by ($2.17). The company had revenue of $53.41 million during the quarter, compared to analyst estimates of $53.40 million. Alexander’s had a net margin of 9.72% and a return on equity of 17.38%. Equities research analysts expect that Alexander’s, Inc. will post 12.08 earnings per share for the current fiscal year.

Alexander’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 11th were paid a $4.50 dividend. The ex-dividend date was Monday, May 11th. This represents a $18.00 dividend on an annualized basis and a yield of 6.8%. Alexander’s’s dividend payout ratio (DPR) is currently 450.00%.

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.