Geode Capital Management LLC Boosts Stake in Alexander’s, Inc. (NYSE:ALX)

Geode Capital Management LLC increased its stake in Alexander’s, Inc. (NYSE:ALX) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,932 shares of the real estate investment trust’s stock after buying an additional 687 shares during the period. Geode Capital Management LLC owned about 1.13% of Alexander’s worth $11,593,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp increased its holdings in shares of Alexander’s by 1.6% in the 3rd quarter. State Street Corp now owns 58,122 shares of the real estate investment trust’s stock valued at $14,086,000 after acquiring an additional 927 shares during the last quarter. Jane Street Group LLC lifted its position in Alexander’s by 162.6% in 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 purchasing an additional 3,543 shares during the last quarter. Barclays PLC raised its holdings in shares of Alexander’s by 369.7% during the third quarter. Barclays PLC now owns 3,584 shares of the real estate investment trust’s stock valued at $869,000 after buying an additional 2,821 shares during the last quarter. Franklin Resources Inc. increased its position in Alexander’s by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock valued at $225,000 after acquiring an additional 52 shares during the period. Finally, Principal Financial Group Inc. grew its position in Alexander’s by 11.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust’s stock valued at $270,000 after buying an additional 115 shares in the last quarter. Institutional investors own 31.99% of the company’s stock.

Alexander’s Stock Down 2.0 %

ALX stock opened at $197.76 on Tuesday. The firm’s 50-day moving average is $207.94 and its two-hundred day moving average is $209.88. 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 price-to-earnings ratio of 23.38 and a beta of 0.82. Alexander’s, Inc. has a 52 week low of $184.76 and a 52 week high of $251.63.

Alexander’s (NYSE:ALX) last released its earnings results on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.35. Alexander’s had a return on equity of 21.45% and a net margin of 19.19%. On average, analysts forecast that Alexander’s, Inc. will post 11.5 earnings per share for the current fiscal year.

Alexander’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were issued a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a yield of 9.10%. The ex-dividend date of this dividend was Tuesday, February 18th. Alexander’s’s payout ratio is 212.77%.

Alexander’s Company 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).