UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Position in Alexander’s, Inc. (NYSE:ALX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in Alexander’s, Inc. (NYSE:ALX) by 4.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,038 shares of the real estate investment trust’s stock after selling 127 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.06% of Alexander’s worth $736,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALX. The Manufacturers Life Insurance Company grew its holdings in shares of 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 purchasing an additional 86 shares during the last quarter. Principal Financial Group Inc. grew its stake in Alexander’s by 11.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust’s stock worth $270,000 after buying an additional 115 shares during the last quarter. GraniteShares Advisors LLC increased its position in Alexander’s by 14.3% during the second quarter. GraniteShares Advisors LLC now owns 8,768 shares of the real estate investment trust’s stock worth $1,972,000 after buying an additional 1,096 shares during the period. SG Americas Securities LLC purchased a new stake in Alexander’s in the third quarter valued at approximately $215,000. Finally, Rhumbline Advisers boosted its holdings in shares of Alexander’s by 2.6% in the second quarter. Rhumbline Advisers now owns 3,478 shares of the real estate investment trust’s stock valued at $782,000 after acquiring an additional 87 shares during the period. 31.99% of the stock is currently owned by institutional investors and hedge funds.

Alexander’s Stock Performance

Shares of ALX opened at $200.95 on Friday. The company’s 50 day simple moving average is $223.12 and its 200-day simple moving average is $226.16. The firm has a market cap of $1.03 billion, a PE ratio of 21.75 and a beta of 0.83. Alexander’s, Inc. has a 12-month low of $200.04 and a 12-month high of $251.63. The company has a current ratio of 10.21, a quick ratio of 10.21 and a debt-to-equity ratio of 5.18.

Alexander’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 11th were paid a $4.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $18.00 dividend on an annualized basis and a yield of 8.96%. Alexander’s’s dividend payout ratio is presently 194.81%.

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).