Mirae Asset Global Investments Co. Ltd. Sells 2,344 Shares of Alexander’s, Inc. (NYSE:ALX)

Mirae Asset Global Investments Co. Ltd. lessened its stake in Alexander’s, Inc. (NYSE:ALX) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,257 shares of the real estate investment trust’s stock after selling 2,344 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 1.20% of Alexander’s worth $13,083,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its stake in shares of Alexander’s by 8.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 3,331 shares of the real estate investment trust’s stock valued at $726,000 after acquiring an additional 250 shares in the last quarter. Denali Advisors LLC increased its holdings in Alexander’s by 11.3% during the 4th quarter. Denali Advisors LLC now owns 10,800 shares of the real estate investment trust’s stock worth $2,307,000 after purchasing an additional 1,100 shares during the period. SG Americas Securities LLC purchased a new position in Alexander’s during the 4th quarter worth $115,000. Vanguard Group Inc. raised its position in Alexander’s by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 326,963 shares of the real estate investment trust’s stock valued at $59,582,000 after purchasing an additional 10,513 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Alexander’s by 46.7% in the 3rd quarter. Deutsche Bank AG now owns 1,608 shares of the real estate investment trust’s stock worth $293,000 after buying an additional 512 shares during the period. Institutional investors own 31.99% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Alexander’s from a “hold” rating to a “buy” rating in a research note on Tuesday, February 13th.

Alexander’s Price Performance

Shares of ALX opened at $221.45 on Friday. The stock has a market capitalization of $1.13 billion, a PE ratio of 11.09 and a beta of 0.78. The company has a 50 day moving average price of $216.56 and a 200-day moving average price of $203.87. The company has a debt-to-equity ratio of 4.60, a quick ratio of 13.22 and a current ratio of 13.22. Alexander’s, Inc. has a fifty-two week low of $155.60 and a fifty-two week high of $235.85.

Alexander’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 20th were given a dividend of $4.50 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $18.00 annualized dividend and a yield of 8.13%. Alexander’s’s dividend payout ratio (DPR) is presently 90.14%.

About Alexander’s

Alexander's, Inc is a real estate investment trust which has five properties in New York City.