Alexander’s, Inc. (NYSE:ALX) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its holdings in shares of Alexander’s, Inc. (NYSE:ALX) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,635 shares of the real estate investment trust’s stock after selling 100 shares during the quarter. Alliancebernstein L.P.’s holdings in Alexander’s were worth $327,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ALX. AlphaQuest LLC purchased a new stake in Alexander’s in the 4th quarter valued at about $154,000. Franklin Resources Inc. lifted its holdings in shares of Alexander’s by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 52 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Alexander’s by 11.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust’s stock worth $270,000 after purchasing an additional 115 shares during the period. SG Americas Securities LLC increased its holdings in 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, EntryPoint Capital LLC acquired a new position in Alexander’s during the fourth quarter worth $274,000. Hedge funds and other institutional investors own 31.99% of the company’s stock.

Alexander’s Price Performance

ALX stock opened at $197.76 on Tuesday. The business’s fifty day moving average price is $207.94 and its 200 day moving average price is $209.88. Alexander’s, Inc. has a 12-month low of $184.76 and a 12-month high of $251.63. The company has a current ratio of 13.18, a quick ratio of 13.18 and a debt-to-equity ratio of 5.59. The company has a market capitalization of $1.01 billion, a PE ratio of 23.38 and a beta of 0.82.

Alexander’s (NYSE:ALX) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts anticipate that Alexander’s, Inc. will post 11.5 EPS for the current year.

Alexander’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a dividend yield of 9.10%. The ex-dividend date was Tuesday, February 18th. Alexander’s’s dividend payout ratio is currently 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).