Millennium Management LLC Increases Stock Position in Alexander’s, Inc. (NYSE:ALX)

Millennium Management LLC raised its holdings in Alexander’s, Inc. (NYSE:ALX) by 277.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,348 shares of the real estate investment trust’s stock after purchasing an additional 5,399 shares during the quarter. Millennium Management LLC owned 0.14% of Alexander’s worth $1,470,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Citadel Advisors LLC purchased a new stake in shares of Alexander’s during the 4th quarter worth approximately $684,000. BNP Paribas Financial Markets raised its position in shares of Alexander’s by 75.7% during the 4th quarter. BNP Paribas Financial Markets now owns 3,090 shares of the real estate investment trust’s stock worth $618,000 after purchasing an additional 1,331 shares during the last quarter. Northern Trust Corp raised its position in shares of Alexander’s by 12.4% during the 4th quarter. Northern Trust Corp now owns 22,424 shares of the real estate investment trust’s stock worth $4,486,000 after purchasing an additional 2,466 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Alexander’s in the 4th quarter valued at $480,000. Finally, Raymond James Financial Inc. acquired a new position in Alexander’s in the 4th quarter valued at $311,000. Hedge funds and other institutional investors own 31.99% of the company’s stock.

Alexander’s Trading Up 0.4%

Shares of ALX opened at $229.87 on Wednesday. The stock has a fifty day moving average of $209.94 and a two-hundred day moving average of $207.18. The company has a debt-to-equity ratio of 5.59, a quick ratio of 13.18 and a current ratio of 13.18. The company has a market capitalization of $1.17 billion, a PE ratio of 27.17 and a beta of 0.78. Alexander’s, Inc. has a fifty-two week low of $184.76 and a fifty-two week high of $251.63.

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

Alexander’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 12th were issued a $4.50 dividend. The ex-dividend date was Monday, May 12th. This represents a $18.00 annualized dividend and a yield of 7.83%. Alexander’s’s dividend payout ratio is currently 233.16%.

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).