Asset Management One Co. Ltd. Increases Holdings in Alexander’s, Inc. (NYSE:ALX)

Asset Management One Co. Ltd. boosted its holdings in shares of Alexander’s, Inc. (NYSE:ALX) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,331 shares of the real estate investment trust’s stock after acquiring an additional 250 shares during the quarter. Asset Management One Co. Ltd. owned about 0.07% of Alexander’s worth $726,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in shares of Alexander’s in the fourth quarter valued at $27,000. PNC Financial Services Group Inc. lifted its holdings in Alexander’s by 119.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 138 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 75 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Alexander’s by 173.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 194 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 123 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Alexander’s by 29.9% in the 2nd quarter. Osaic Holdings Inc. now owns 239 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 55 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Alexander’s by 17.5% in the 3rd quarter. Signaturefd LLC now owns 370 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 31.99% of the company’s stock.

Alexander’s Stock Down 3.0 %

ALX opened at $216.63 on Friday. The business has a 50 day moving average price of $216.51 and a two-hundred day moving average price of $204.24. The company has a quick ratio of 13.22, a current ratio of 13.22 and a debt-to-equity ratio of 4.60. The company has a market cap of $1.11 billion, a PE ratio of 10.85 and a beta of 0.78. Alexander’s, Inc. has a 52 week low of $155.60 and a 52 week high of $235.85.

Alexander’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 20th were paid a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 8.31%. The ex-dividend date was Friday, February 16th. Alexander’s’s dividend payout ratio is presently 90.14%.

Analyst Upgrades and Downgrades

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

About Alexander’s

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