Renaissance Technologies LLC Sells 800 Shares of Alexander’s, Inc. (NYSE:ALX)

Renaissance Technologies LLC reduced its stake in Alexander’s, Inc. (NYSE:ALX) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,826 shares of the real estate investment trust’s stock after selling 800 shares during the quarter. Renaissance Technologies LLC owned about 1.27% of Alexander’s worth $14,577,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its position in shares of Alexander’s by 19.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 351,115 shares of the real estate investment trust’s stock worth $74,988,000 after purchasing an additional 57,951 shares in the last quarter. Inspire Investing LLC grew its position in shares of Alexander’s by 14.3% during the 1st quarter. Inspire Investing LLC now owns 2,012 shares of the real estate investment trust’s stock worth $437,000 after purchasing an additional 251 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Alexander’s by 5.5% during the 1st quarter. BNP Paribas Financial Markets now owns 3,466 shares of the real estate investment trust’s stock worth $753,000 after purchasing an additional 181 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of Alexander’s during the 1st quarter worth approximately $201,000. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of Alexander’s by 7.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,119 shares of the real estate investment trust’s stock worth $243,000 after purchasing an additional 73 shares in the last quarter. 31.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ALX shares. Piper Sandler decreased their target price on shares of Alexander’s from $135.00 to $125.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 6th. StockNews.com lowered shares of Alexander’s from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th.

Alexander’s Stock Performance

NYSE ALX opened at $244.01 on Friday. The company has a current ratio of 12.66, a quick ratio of 12.66 and a debt-to-equity ratio of 5.09. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 11.66 and a beta of 0.81. The firm’s 50 day simple moving average is $231.41 and its 200 day simple moving average is $221.27. Alexander’s, Inc. has a 1 year low of $162.50 and a 1 year high of $249.02.

Alexander’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 12th were given a dividend of $4.50 per share. The ex-dividend date was Monday, August 12th. This represents a $18.00 annualized dividend and a dividend yield of 7.38%. Alexander’s’s dividend payout ratio is 86.04%.

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).