State Street Corp Has $14.09 Million Stock Position in Alexander’s, Inc. (NYSE:ALX)

State Street Corp raised its position in Alexander’s, Inc. (NYSE:ALX) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,122 shares of the real estate investment trust’s stock after acquiring an additional 927 shares during the quarter. State Street Corp’s holdings in Alexander’s were worth $14,086,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Ballentine Partners LLC bought a new stake in shares of Alexander’s during the 3rd quarter worth approximately $205,000. SG Americas Securities LLC bought a new position in shares of Alexander’s during the third quarter worth about $215,000. Principal Financial Group Inc. lifted its holdings in 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 valued at $224,000 after buying an additional 73 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Alexander’s by 7.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,290 shares of the real estate investment trust’s stock worth $290,000 after buying an additional 86 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in shares of Alexander’s by 7.2% during the 3rd quarter. Inspire Investing LLC now owns 1,679 shares of the real estate investment trust’s stock worth $407,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 31.99% of the company’s stock.

Alexander’s Stock Up 0.8 %

ALX stock opened at $201.00 on Wednesday. The company has a quick ratio of 10.21, a current ratio of 10.21 and a debt-to-equity ratio of 5.18. The firm has a market capitalization of $1.03 billion, a PE ratio of 21.75 and a beta of 0.83. The stock’s 50 day moving average is $220.87 and its 200-day moving average is $225.93. Alexander’s, Inc. has a twelve month low of $197.00 and a twelve month high of $251.63.

Alexander’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 11th were paid a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a dividend yield of 8.96%. The ex-dividend date was 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).