Geode Capital Management LLC Cuts Position in Alexander’s, Inc. (NYSE:ALX)

Geode Capital Management LLC lessened its stake in Alexander’s, Inc. (NYSE:ALX) by 7.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,245 shares of the real estate investment trust’s stock after selling 4,293 shares during the quarter. Geode Capital Management LLC’s holdings in Alexander’s were worth $13,877,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ALX. Principal Financial Group Inc. increased its holdings in shares of Alexander’s by 7.9% in the 2nd quarter. Principal Financial Group Inc. now owns 997 shares of the real estate investment trust’s stock valued at $224,000 after purchasing an additional 73 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Alexander’s by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 3,478 shares of the real estate investment trust’s stock valued at $782,000 after purchasing an additional 87 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Alexander’s by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 34,745 shares of the real estate investment trust’s stock valued at $7,812,000 after acquiring an additional 413 shares in the last quarter. Denali Advisors LLC increased its holdings in Alexander’s by 51.2% during the 2nd quarter. Denali Advisors LLC now owns 19,500 shares of the real estate investment trust’s stock valued at $4,385,000 after acquiring an additional 6,600 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Alexander’s by 7.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,290 shares of the real estate investment trust’s stock valued at $290,000 after acquiring an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 31.99% of the company’s stock.

Alexander’s Stock Performance

NYSE:ALX opened at $199.96 on Tuesday. 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 firm has a 50-day moving average price of $218.95 and a two-hundred day moving average price of $225.69. Alexander’s, Inc. has a twelve month low of $196.00 and a twelve month high of $251.63. The company has a market capitalization of $1.02 billion, a P/E ratio of 21.64 and a beta of 0.83.

Alexander’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 11th were issued a dividend of $4.50 per share. The ex-dividend date was Friday, November 8th. This represents a $18.00 annualized dividend and a yield of 9.00%. Alexander’s’s dividend payout ratio (DPR) is currently 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).