JPMorgan Chase & Co. Has $22.24 Million Holdings in Alexander’s, Inc. (NYSE:ALX)

JPMorgan Chase & Co. decreased its stake in shares of Alexander’s, Inc. (NYSE:ALX) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,753 shares of the real estate investment trust’s stock after selling 4,462 shares during the period. JPMorgan Chase & Co. owned approximately 1.80% of Alexander’s worth $22,237,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Principal Financial Group Inc. grew its holdings in shares of Alexander’s by 11.5% during the third 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 in the last quarter. Franklin Resources Inc. grew its stake in shares of Alexander’s by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 52 shares in the last quarter. Barclays PLC grew its stake in shares of Alexander’s by 369.7% during the 3rd quarter. Barclays PLC now owns 3,584 shares of the real estate investment trust’s stock worth $869,000 after acquiring an additional 2,821 shares in the last quarter. Zacks Investment Management acquired a new stake in shares of Alexander’s in the third quarter valued at approximately $3,148,000. Finally, Jane Street Group LLC lifted its position in shares of Alexander’s by 162.6% in the third quarter. Jane Street Group LLC now owns 5,722 shares of the real estate investment trust’s stock worth $1,387,000 after purchasing an additional 3,543 shares in the last quarter. 31.99% of the stock is currently owned by institutional investors and hedge funds.

Alexander’s Trading Down 1.0 %

Shares of NYSE:ALX opened at $187.64 on Thursday. The company’s 50-day moving average price is $213.81 and its two-hundred day moving average price is $224.52. Alexander’s, Inc. has a one year low of $185.44 and a one year high of $251.63. 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 stock has a market capitalization of $958.28 million, a PE ratio of 20.31 and a beta of 0.84.

Alexander’s Announces Dividend

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 annualized dividend and a yield of 9.59%. Alexander’s’s dividend 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).