Franklin Resources Inc. Acquires 52 Shares of Alexander’s, Inc. (NYSE:ALX)

Franklin Resources Inc. raised its holdings in Alexander’s, Inc. (NYSE:ALX) by 5.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 976 shares of the real estate investment trust’s stock after buying an additional 52 shares during the quarter. Franklin Resources Inc.’s holdings in Alexander’s were worth $225,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Ballentine Partners LLC bought a new stake in Alexander’s in the third quarter valued at $205,000. SG Americas Securities LLC purchased a new position in shares of Alexander’s during the third quarter valued at about $215,000. Principal Financial Group Inc. raised its stake in Alexander’s by 7.9% in the second quarter. Principal Financial Group Inc. now owns 997 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 73 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Alexander’s by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 1,290 shares of the real estate investment trust’s stock worth $290,000 after buying an additional 86 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in Alexander’s by 7.2% in the third quarter. Inspire Investing LLC now owns 1,679 shares of the real estate investment trust’s stock worth $407,000 after buying an additional 113 shares during the period. 31.99% of the stock is owned by hedge funds and other institutional investors.

Alexander’s Stock Up 0.1 %

ALX stock opened at $200.06 on Thursday. Alexander’s, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $251.63. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 21.65 and a beta of 0.83. The business’s 50 day moving average price is $217.26 and its two-hundred day moving average price is $225.32. The company has a debt-to-equity ratio of 5.18, a quick ratio of 10.21 and a current ratio of 10.21.

Alexander’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 11th were issued a $4.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $18.00 dividend on an annualized basis and a yield of 9.00%. Alexander’s’s dividend payout ratio (DPR) is 194.81%.

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).