Alexander’s, Inc. (NYSE:ALX) Stake Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in shares of Alexander’s, Inc. (NYSE:ALX) by 11.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,112 shares of the real estate investment trust’s stock after buying an additional 115 shares during the quarter. Principal Financial Group Inc.’s holdings in Alexander’s were worth $270,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zacks Investment Management purchased a new position in shares of Alexander’s during the third quarter valued at $3,148,000. Denali Advisors LLC grew its stake in Alexander’s by 51.2% during the 2nd quarter. Denali Advisors LLC now owns 19,500 shares of the real estate investment trust’s stock valued at $4,385,000 after acquiring an additional 6,600 shares in the last quarter. Jane Street Group LLC grew its stake in Alexander’s by 162.6% during the 3rd quarter. Jane Street Group LLC now owns 5,722 shares of the real estate investment trust’s stock valued at $1,387,000 after acquiring an additional 3,543 shares in the last quarter. Barclays PLC lifted its position 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 worth $869,000 after purchasing an additional 2,821 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of Alexander’s by 24.6% during the third quarter. Los Angeles Capital Management LLC now owns 13,435 shares of the real estate investment trust’s stock worth $3,256,000 after purchasing an additional 2,652 shares during the period. 31.99% of the stock is currently owned by institutional investors and hedge funds.

Alexander’s Stock Performance

Shares of ALX opened at $192.33 on Tuesday. The company has a market capitalization of $982.23 million, a PE ratio of 20.81 and a beta of 0.84. The company has a debt-to-equity ratio of 5.18, a quick ratio of 10.21 and a current ratio of 10.21. The company’s 50 day moving average price is $215.42 and its 200 day moving average price is $224.99. Alexander’s, Inc. has a 52 week low of $190.91 and a 52 week high of $251.63.

Alexander’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 11th were paid a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 9.36%. The ex-dividend date of this dividend was Friday, November 8th. Alexander’s’s dividend payout ratio (DPR) is presently 194.81%.

About Alexander’s

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).