Axa S.A. Purchases 3,100 Shares of Alexander’s, Inc. (NYSE:ALX)

Axa S.A. raised its position in shares of Alexander’s, Inc. (NYSE:ALX – Get Rating) by 206.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,600 shares of the real estate investment trust’s stock after acquiring an additional 3,100 shares during the quarter. Axa S.A. owned about 0.09% of Alexander’s worth $961,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of Alexander’s by 1.5% during the 1st quarter. Bank of New York Mellon Corp now owns 31,095 shares of the real estate investment trust’s stock valued at $7,968,000 after purchasing an additional 447 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Alexander’s by 49.4% during the 1st quarter. MetLife Investment Management LLC now owns 1,134 shares of the real estate investment trust’s stock valued at $291,000 after purchasing an additional 375 shares in the last quarter. BlackRock Inc. boosted its position in shares of Alexander’s by 2.0% during the 1st quarter. BlackRock Inc. now owns 153,838 shares of the real estate investment trust’s stock valued at $39,417,000 after purchasing an additional 3,040 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Alexander’s by 11.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 856 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 91 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its position in shares of Alexander’s by 26.1% during the 1st quarter. Penserra Capital Management LLC now owns 1,044 shares of the real estate investment trust’s stock valued at $267,000 after purchasing an additional 216 shares in the last quarter. 33.94% of the stock is currently owned by institutional investors and hedge funds.

Alexander’s Stock Down 0.2 %

Shares of Alexander’s stock opened at $220.39 on Tuesday. The stock’s 50-day moving average is $226.81 and its 200 day moving average is $229.72. Alexander’s, Inc. has a one year low of $200.96 and a one year high of $266.43. The company has a debt-to-equity ratio of 4.61, a current ratio of 12.58 and a quick ratio of 12.58. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 19.59 and a beta of 0.74.

Alexander’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 10th. Investors of record on Monday, January 30th were paid a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a yield of 8.17%. The ex-dividend date was Friday, January 27th. Alexander’s’s dividend payout ratio (DPR) is currently 160.00%.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their target price on Alexander’s to $160.00 in a research report on Friday, November 4th.

Alexander’s Company Profile

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Alexander’s, Inc is a real estate investment trust company, which engages in leasing, managing, development and redeveloping its properties. Its operating properties are located in the greater New York City metropolitan area. The company was founded on May 16, 1955 and is headquartered in Paramus, NJ.