Invesco Ltd. Trims Position in Alexander’s, Inc. (NYSE:ALX)

Invesco Ltd. lowered its position in Alexander’s, Inc. (NYSE:ALX) by 7.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,276 shares of the real estate investment trust’s stock after selling 431 shares during the quarter. Invesco Ltd. owned about 0.10% of Alexander’s worth $1,056,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. raised its position in shares of Alexander’s by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 52 shares during the period. Principal Financial Group Inc. increased its stake in Alexander’s by 7.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,193 shares of the real estate investment trust’s stock worth $239,000 after acquiring an additional 81 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in Alexander’s by 7.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,765 shares of the real estate investment trust’s stock valued at $553,000 after purchasing an additional 200 shares during the period. Rhumbline Advisers grew its holdings in shares of Alexander’s by 7.0% during the 4th quarter. Rhumbline Advisers now owns 3,555 shares of the real estate investment trust’s stock worth $711,000 after purchasing an additional 234 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Alexander’s by 29.1% during the 4th quarter. SG Americas Securities LLC now owns 1,148 shares of the real estate investment trust’s stock worth $230,000 after purchasing an additional 259 shares during the last quarter. 31.99% of the stock is currently owned by institutional investors and hedge funds.

Alexander’s Trading Up 1.4 %

NYSE ALX opened at $209.39 on Friday. Alexander’s, Inc. has a 12 month low of $184.76 and a 12 month high of $251.63. The stock has a market capitalization of $1.07 billion, a P/E ratio of 24.75 and a beta of 0.82. The firm’s 50-day moving average is $208.01 and its two-hundred day moving average is $208.82. The company has a debt-to-equity ratio of 5.59, a current ratio of 13.18 and a quick ratio of 13.18.

Alexander’s (NYSE:ALX) last released its 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 earnings per share for the current year.

Alexander’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 12th will be paid a dividend of $4.50 per share. The ex-dividend date is Monday, May 12th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 8.60%. Alexander’s’s payout ratio is currently 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).