Alexander’s, Inc. (NYSE:ALX) Stock Position Reduced by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its stake in Alexander’s, Inc. (NYSE:ALX) by 21.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,424 shares of the real estate investment trust’s stock after selling 4,725 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.34% of Alexander’s worth $3,486,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in 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 acquiring an additional 52 shares during the last quarter. SG Americas Securities LLC grew 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 purchasing an additional 259 shares in the last quarter. Principal Financial Group Inc. increased its position in Alexander’s by 7.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,193 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 81 shares during the last quarter. Inspire Investing LLC raised its stake in shares of Alexander’s by 21.0% during the 4th quarter. Inspire Investing LLC now owns 2,032 shares of the real estate investment trust’s stock worth $407,000 after purchasing an additional 353 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Alexander’s by 7.0% during the 4th 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. Hedge funds and other institutional investors own 31.99% of the company’s stock.

Alexander’s Trading Up 0.4 %

Shares of NYSE ALX opened at $212.26 on Friday. The business has a 50 day simple moving average of $204.37 and a 200 day simple moving average of $214.88. Alexander’s, Inc. has a 52 week low of $184.76 and a 52 week high of $251.63. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 25.09 and a beta of 0.83. The company has a debt-to-equity ratio of 5.59, a quick ratio of 13.18 and a current ratio of 13.18.

Alexander’s (NYSE:ALX) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $4.06 EPS for the quarter, topping the consensus estimate 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, research analysts predict that Alexander’s, Inc. will post 11.5 earnings per share for the current fiscal year.

Alexander’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 8.48%. The ex-dividend date was Tuesday, February 18th. 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).