Fmr LLC Purchases 510 Shares of Alexander’s, Inc. (NYSE:ALX)

Fmr LLC lifted its position in Alexander’s, Inc. (NYSE:ALX) by 17.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,484 shares of the real estate investment trust’s stock after buying an additional 510 shares during the quarter. Fmr LLC’s holdings in Alexander’s were worth $844,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Ballentine Partners LLC bought a new stake in Alexander’s during the 3rd quarter valued at approximately $205,000. SG Americas Securities LLC bought a new stake in shares of Alexander’s in the third quarter valued at approximately $215,000. Principal Financial Group Inc. grew its stake in shares of Alexander’s by 7.9% in the second quarter. Principal Financial Group Inc. now owns 997 shares of the real estate investment trust’s stock worth $224,000 after acquiring an additional 73 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Alexander’s by 7.1% during the second quarter. The Manufacturers Life Insurance Company now owns 1,290 shares of the real estate investment trust’s stock worth $290,000 after acquiring an additional 86 shares during the period. Finally, Inspire Investing LLC increased its position in Alexander’s by 7.2% during the third quarter. Inspire Investing LLC now owns 1,679 shares of the real estate investment trust’s stock worth $407,000 after acquiring an additional 113 shares during the period. 31.99% of the stock is owned by institutional investors.

Alexander’s Price Performance

Shares of Alexander’s stock opened at $213.34 on Wednesday. The company has a debt-to-equity ratio of 5.18, a current ratio of 10.21 and a quick ratio of 10.21. The company has a market cap of $1.09 billion, a PE ratio of 23.09 and a beta of 0.83. The firm has a fifty day moving average price of $224.02 and a two-hundred day moving average price of $226.32. Alexander’s, Inc. has a fifty-two week low of $199.66 and a fifty-two week high of $251.63.

Alexander’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 11th were given a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a yield of 8.44%. The ex-dividend date of this dividend was Friday, November 8th. Alexander’s’s dividend payout ratio (DPR) is presently 194.81%.

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).