Principal Financial Group Inc. Increases Position in Alexander’s, Inc. (NYSE:ALX)

Principal Financial Group Inc. boosted its holdings in Alexander’s, Inc. (NYSE:ALX) by 11.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,112 shares of the real estate investment trust’s stock after purchasing an additional 115 shares during the period. Principal Financial Group Inc.’s holdings in Alexander’s were worth $270,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Lazard Asset Management LLC acquired a new position in Alexander’s during the 1st quarter worth $114,000. Ballentine Partners LLC bought a new position in shares of Alexander’s during the third quarter worth about $205,000. SG Americas Securities LLC acquired a new position in Alexander’s in the third quarter worth about $215,000. CANADA LIFE ASSURANCE Co increased its holdings in Alexander’s by 7.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 1,119 shares of the real estate investment trust’s stock valued at $243,000 after buying an additional 73 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Alexander’s by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 1,290 shares of the real estate investment trust’s stock valued at $290,000 after buying an additional 86 shares during the last quarter. Institutional investors and hedge funds own 31.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. StockNews.com lowered Alexander’s from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Piper Sandler decreased their price objective on shares of Alexander’s from $135.00 to $125.00 and set an “underweight” rating for the company in a report on Tuesday, August 6th.

Alexander’s Trading Up 0.8 %

ALX opened at $223.89 on Tuesday. The company has a current ratio of 10.21, a quick ratio of 10.21 and a debt-to-equity ratio of 5.18. The company’s 50-day moving average price is $230.62 and its 200 day moving average price is $225.92. Alexander’s, Inc. has a fifty-two week low of $182.59 and a fifty-two week high of $251.63.

Alexander’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 11th will be given a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a dividend yield of 8.04%. The ex-dividend date is Friday, November 8th. Alexander’s’s payout ratio is 194.81%.

Alexander’s 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).