Alexander’s, Inc. (NYSE:ALX) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in shares of Alexander’s, Inc. (NYSE:ALX) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,745 shares of the real estate investment trust’s stock after buying an additional 413 shares during the quarter. Dimensional Fund Advisors LP owned 0.68% of Alexander’s worth $7,812,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new stake in Alexander’s during the first quarter worth approximately $114,000. Allspring Global Investments Holdings LLC purchased a new stake in Alexander’s during the first quarter worth approximately $122,000. Daiwa Securities Group Inc. grew its stake in Alexander’s by 7.8% during the first quarter. Daiwa Securities Group Inc. now owns 695 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 50 shares during the period. Principal Financial Group Inc. purchased a new stake in Alexander’s during the first quarter worth approximately $201,000. Finally, BOS Asset Management LLC purchased a new stake in Alexander’s during the first quarter worth approximately $219,000. 31.99% of the stock is currently owned by hedge funds and other institutional investors.

Alexander’s Trading Down 1.3 %

NYSE ALX opened at $227.72 on Tuesday. Alexander’s, Inc. has a 12 month low of $170.64 and a 12 month high of $251.63. 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 company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 10.89 and a beta of 0.82. The company’s fifty day moving average price is $231.43 and its two-hundred day moving average price is $223.20.

Alexander’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 12th were paid 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 yield of 7.90%. Alexander’s’s dividend payout ratio (DPR) is 86.04%.

Wall Street Analyst Weigh In

ALX has been the subject of several analyst reports. StockNews.com downgraded shares of Alexander’s from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Piper Sandler decreased their target price on shares of Alexander’s from $135.00 to $125.00 and set an “underweight” rating for the company in a research note on Tuesday, August 6th.

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).