Rhumbline Advisers Purchases 87 Shares of Alexander’s, Inc. (NYSE:ALX)

Rhumbline Advisers grew its position in shares of Alexander’s, Inc. (NYSE:ALX) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,478 shares of the real estate investment trust’s stock after acquiring an additional 87 shares during the quarter. Rhumbline Advisers’ holdings in Alexander’s were worth $782,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ALX. Goldman Sachs Group Inc. grew its holdings in Alexander’s by 19.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 351,115 shares of the real estate investment trust’s stock worth $74,988,000 after buying an additional 57,951 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Alexander’s during the fourth quarter worth $459,000. Denali Advisors LLC boosted its position in Alexander’s by 19.4% in the first quarter. Denali Advisors LLC now owns 12,900 shares of the real estate investment trust’s stock worth $2,801,000 after purchasing an additional 2,100 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in Alexander’s by 16.1% in the first quarter. Los Angeles Capital Management LLC now owns 11,583 shares of the real estate investment trust’s stock worth $2,515,000 after purchasing an additional 1,610 shares during the last quarter. Finally, GraniteShares Advisors LLC boosted its position in Alexander’s by 14.3% in the second quarter. GraniteShares Advisors LLC now owns 8,768 shares of the real estate investment trust’s stock worth $1,972,000 after purchasing an additional 1,096 shares during the last quarter. Institutional investors own 31.99% of the company’s stock.

Alexander’s Stock Down 0.8 %

Shares of NYSE ALX opened at $241.97 on Tuesday. Alexander’s, Inc. has a one year low of $162.50 and a one year high of $249.02. The company has a debt-to-equity ratio of 5.09, a current ratio of 12.66 and a quick ratio of 12.66. The business’s fifty day moving average price is $231.69 and its 200-day moving average price is $221.49. The stock has a market capitalization of $1.24 billion, a PE ratio of 11.57 and a beta of 0.81.

Alexander’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.44%. Alexander’s’s dividend payout ratio is presently 86.04%.

Analysts Set New Price Targets

Several research firms have weighed in on ALX. Piper Sandler cut their price objective on 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 cut Alexander’s from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th.

Alexander’s Company 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).