Sumitomo Mitsui Trust Group Inc. Sells 77 Shares of Alexander’s, Inc. (NYSE:ALX)

Sumitomo Mitsui Trust Group Inc. cut its position in Alexander’s, Inc. (NYSE:ALX) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,367 shares of the real estate investment trust’s stock after selling 77 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Alexander’s were worth $474,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Inspire Investing LLC raised its stake in shares of Alexander’s by 21.0% in the fourth quarter. Inspire Investing LLC now owns 2,032 shares of the real estate investment trust’s stock valued at $407,000 after buying an additional 353 shares during the period. SG Americas Securities LLC raised its stake in shares of 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 buying an additional 259 shares during the period. Principal Financial Group Inc. raised its stake in shares of Alexander’s by 11.5% in the third quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust’s stock valued at $270,000 after buying an additional 115 shares during the period. Franklin Resources Inc. raised 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 valued at $225,000 after buying an additional 52 shares during the period. Finally, Barclays PLC raised its stake in shares of Alexander’s by 369.7% in the third quarter. Barclays PLC now owns 3,584 shares of the real estate investment trust’s stock valued at $869,000 after buying an additional 2,821 shares during the period. 31.99% of the stock is currently owned by institutional investors.

Alexander’s Stock Performance

Shares of ALX opened at $204.97 on Friday. The firm has a market cap of $1.05 billion, a PE ratio of 22.18 and a beta of 0.84. The stock’s fifty day moving average price is $197.49 and its two-hundred day moving average price is $217.68. The company has a debt-to-equity ratio of 5.18, a current ratio of 10.21 and a quick ratio of 10.21. Alexander’s, Inc. has a 1 year low of $184.76 and a 1 year high of $251.63.

Alexander’s (NYSE:ALX) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.35. Alexander’s had a return on equity of 21.79% and a net margin of 20.33%. On average, equities research analysts forecast that Alexander’s, Inc. will post 14.84 EPS for the current year.

Alexander’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be paid a $4.50 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $18.00 annualized dividend and a yield of 8.78%. Alexander’s’s dividend payout ratio 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).