Alexander’s, Inc. (NYSE:ALX) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in Alexander’s, Inc. (NYSE:ALX) by 49.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,105 shares of the real estate investment trust’s stock after selling 13,536 shares during the quarter. Bank of New York Mellon Corp owned 0.28% of Alexander’s worth $2,822,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ALX. Franklin Resources Inc. increased its stake in shares of Alexander’s by 5.6% in the third quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 52 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Alexander’s by 11.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust’s stock worth $270,000 after purchasing an additional 115 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Alexander’s by 29.1% during 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 purchasing an additional 259 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Alexander’s by 21.0% in the 4th quarter. Inspire Investing LLC now owns 2,032 shares of the real estate investment trust’s stock valued at $407,000 after acquiring an additional 353 shares in the last quarter. Finally, FMR LLC lifted its stake in Alexander’s by 17.1% in the 3rd quarter. FMR LLC now owns 3,484 shares of the real estate investment trust’s stock worth $844,000 after acquiring an additional 510 shares in the last quarter. 31.99% of the stock is owned by institutional investors and hedge funds.

Alexander’s Trading Down 2.1 %

Shares of NYSE:ALX opened at $214.62 on Friday. The company has a quick ratio of 13.18, a current ratio of 13.18 and a debt-to-equity ratio of 5.59. Alexander’s, Inc. has a 12-month low of $184.76 and a 12-month high of $251.63. The firm has a fifty day moving average of $202.07 and a two-hundred day moving average of $215.49. The firm has a market capitalization of $1.10 billion, a P/E ratio of 25.37 and a beta of 0.83.

Alexander’s (NYSE:ALX) last issued its quarterly earnings data 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 return on equity of 21.45% and a net margin of 19.19%. On average, equities analysts expect that Alexander’s, Inc. will post 11.5 EPS for the current fiscal year.

Alexander’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a dividend of $4.50 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $18.00 annualized dividend and a dividend yield of 8.39%. Alexander’s’s payout ratio is 212.77%.

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).