142 Shares in Alexander’s, Inc. (NYSE:ALX) Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC bought a new stake in Alexander’s, Inc. (NYSE:ALX) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 142 shares of the real estate investment trust’s stock, valued at approximately $28,000.

Several other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Alexander’s by 7.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,193 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 81 shares during the period. Mariner LLC lifted its holdings in Alexander’s by 1.8% during the 4th quarter. Mariner LLC now owns 5,961 shares of the real estate investment trust’s stock worth $1,193,000 after buying an additional 105 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Alexander’s by 7.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,765 shares of the real estate investment trust’s stock valued at $553,000 after buying an additional 200 shares during the period. Algert Global LLC grew its stake in shares of Alexander’s by 24.4% in the fourth quarter. Algert Global LLC now owns 1,066 shares of the real estate investment trust’s stock worth $213,000 after acquiring an additional 209 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Alexander’s by 7.0% during the fourth quarter. Rhumbline Advisers now owns 3,555 shares of the real estate investment trust’s stock worth $711,000 after acquiring an additional 234 shares during the period. 31.99% of the stock is owned by institutional investors and hedge funds.

Alexander’s Stock Down 1.0%

Shares of NYSE ALX opened at $213.80 on Tuesday. The business’s fifty day simple moving average is $208.52 and its 200-day simple moving average is $206.95. The company has a current ratio of 13.18, a quick ratio of 13.18 and a debt-to-equity ratio of 5.59. Alexander’s, Inc. has a 12-month low of $184.76 and a 12-month high of $251.63. The stock has a market cap of $1.09 billion, a P/E ratio of 25.27 and a beta of 0.78.

Alexander’s (NYSE:ALX) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $4.06 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.49. The business had revenue of $54.92 million during the quarter, compared to the consensus estimate of $56.00 million. Alexander’s had a return on equity of 21.45% and a net margin of 19.19%. As a group, equities analysts predict that Alexander’s, Inc. will post 11.5 EPS for the current fiscal year.

Alexander’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 12th will be given a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 8.42%. The ex-dividend date is Monday, May 12th. Alexander’s’s dividend payout ratio is presently 233.16%.

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).