Alexander’s, Inc. (NYSE:ALX) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in Alexander’s, Inc. (NYSE:ALX) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,193 shares of the real estate investment trust’s stock after acquiring an additional 81 shares during the period. Principal Financial Group Inc.’s holdings in Alexander’s were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of ALX. Franklin Resources Inc. boosted its stake in Alexander’s by 5.6% in the third quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock valued at $225,000 after acquiring an additional 52 shares in the last quarter. SG Americas Securities LLC boosted its stake in Alexander’s by 29.1% in the fourth quarter. SG Americas Securities LLC now owns 1,148 shares of the real estate investment trust’s stock valued at $230,000 after acquiring an additional 259 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of Alexander’s by 21.0% in the fourth quarter. Inspire Investing LLC now owns 2,032 shares of the real estate investment trust’s stock valued at $407,000 after buying an additional 353 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Alexander’s by 7.0% in the fourth quarter. Rhumbline Advisers now owns 3,555 shares of the real estate investment trust’s stock valued at $711,000 after buying an additional 234 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Alexander’s by 4.8% in the third quarter. Asset Management One Co. Ltd. now owns 3,142 shares of the real estate investment trust’s stock valued at $761,000 after buying an additional 144 shares during the last quarter. Institutional investors and hedge funds own 31.99% of the company’s stock.

Alexander’s Price Performance

Shares of NYSE:ALX opened at $217.51 on Friday. The company has a 50-day simple moving average of $198.13 and a 200-day simple moving average of $216.51. Alexander’s, Inc. has a one year low of $184.76 and a one year high of $251.63. The company has a debt-to-equity ratio of 5.59, a quick ratio of 13.18 and a current ratio of 13.18. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 25.71 and a beta of 0.83.

Alexander’s (NYSE:ALX) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $4.06 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.35. Alexander’s had a net margin of 19.19% and a return on equity of 21.45%. On average, analysts predict that Alexander’s, Inc. will post 11.5 EPS for the current year.

Alexander’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a $4.50 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 8.28%. Alexander’s’s payout ratio is 212.77%.

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).