Rhumbline Advisers Boosts Stock Position in Alexander’s, Inc. (NYSE:ALX)

Rhumbline Advisers raised its position in shares of Alexander’s, Inc. (NYSE:ALX) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,555 shares of the real estate investment trust’s stock after buying an additional 234 shares during the quarter. Rhumbline Advisers owned about 0.07% of Alexander’s worth $711,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Franklin Resources Inc. increased its position in Alexander’s by 5.6% during the 3rd 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 in the last quarter. Principal Financial Group Inc. grew its stake in shares of Alexander’s by 11.5% during the third quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust’s stock worth $270,000 after acquiring an additional 115 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Alexander’s by 4.8% during the third quarter. Asset Management One Co. Ltd. now owns 3,142 shares of the real estate investment trust’s stock valued at $761,000 after acquiring an additional 144 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Alexander’s by 29.1% in the 4th 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 during the last quarter. Finally, Inspire Investing LLC boosted its stake in Alexander’s by 21.0% in 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. 31.99% of the stock is currently owned by institutional investors.

Alexander’s Stock Up 0.3 %

NYSE:ALX opened at $217.51 on Friday. The company has a current ratio of 13.18, a quick ratio of 13.18 and a debt-to-equity ratio of 5.59. Alexander’s, Inc. has a twelve month low of $184.76 and a twelve month high of $251.63. The company has a market cap of $1.11 billion, a PE ratio of 25.71 and a beta of 0.83. The company’s 50 day moving average is $198.13 and its two-hundred day moving average is $216.51.

Alexander’s (NYSE:ALX) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.35. Alexander’s had a net margin of 19.19% and a return on equity of 21.45%. Analysts anticipate that Alexander’s, Inc. will post 11.5 EPS for the current year.

Alexander’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 8.28%. The ex-dividend date of this dividend was Tuesday, February 18th. Alexander’s’s dividend payout ratio is presently 212.77%.

Alexander’s 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).