Charles Schwab Investment Management Inc. Lowers Stake in Alexander’s, Inc. (NYSE:ALX)

Charles Schwab Investment Management Inc. lessened its position in Alexander’s, Inc. (NYSE:ALX) by 7.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 22,149 shares of the real estate investment trust’s stock after selling 1,768 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Alexander’s were worth $5,368,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Denali Advisors LLC increased its stake in Alexander’s by 51.2% during the second quarter. Denali Advisors LLC now owns 19,500 shares of the real estate investment trust’s stock valued at $4,385,000 after purchasing an additional 6,600 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in Alexander’s by 24.6% in the third quarter. Los Angeles Capital Management LLC now owns 13,435 shares of the real estate investment trust’s stock worth $3,256,000 after purchasing an additional 2,652 shares during the period. GraniteShares Advisors LLC lifted its holdings in Alexander’s by 14.3% in the second quarter. GraniteShares Advisors LLC now owns 8,768 shares of the real estate investment trust’s stock worth $1,972,000 after purchasing an additional 1,096 shares during the period. SG Americas Securities LLC acquired a new stake in Alexander’s in the 3rd quarter valued at about $215,000. Finally, Ballentine Partners LLC acquired a new stake in Alexander’s in the 3rd quarter valued at about $205,000. Institutional investors and hedge funds own 31.99% of the company’s stock.

Alexander’s Stock Down 1.4 %

ALX opened at $210.86 on Friday. Alexander’s, Inc. has a 1-year low of $189.20 and a 1-year high of $251.63. The company has a current ratio of 10.21, a quick ratio of 10.21 and a debt-to-equity ratio of 5.18. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 22.82 and a beta of 0.83. The business has a 50 day moving average of $224.69 and a 200-day moving average of $226.04.

Alexander’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 11th were given a $4.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $18.00 annualized dividend and a yield of 8.54%. Alexander’s’s dividend payout ratio is presently 194.81%.

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).