UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 1,476 Shares of Alexander’s, Inc. (NYSE:ALX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Alexander’s, Inc. (NYSE:ALX) by 48.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,562 shares of the real estate investment trust’s stock after selling 1,476 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Alexander’s were worth $312,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. increased its stake in Alexander’s by 7.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,193 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 81 shares during the period. Mariner LLC increased its position in shares of Alexander’s by 1.8% during the fourth quarter. Mariner LLC now owns 5,961 shares of the real estate investment trust’s stock worth $1,193,000 after acquiring an additional 105 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Alexander’s during the fourth quarter valued at approximately $28,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Alexander’s by 7.8% during 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 acquiring an additional 200 shares in the last quarter. Finally, Algert Global LLC boosted its holdings 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 valued at $213,000 after purchasing an additional 209 shares during the period. 31.99% of the stock is owned by hedge funds and other institutional investors.

Alexander’s Stock Down 2.0%

Shares of NYSE:ALX opened at $226.68 on Friday. The business’s 50 day moving average is $213.10 and its 200 day moving average is $207.71. The stock has a market cap of $1.16 billion, a P/E ratio of 26.79 and a beta of 0.85. Alexander’s, Inc. has a 52-week low of $184.76 and a 52-week high of $251.63. The company has a quick ratio of 13.18, a current ratio of 13.18 and a debt-to-equity ratio of 5.59.

Alexander’s (NYSE:ALX) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $4.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.57 by $0.49. The business had revenue of $54.92 million for 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%. Sell-side analysts predict that Alexander’s, Inc. will post 11.5 EPS for the current year.

Alexander’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 12th were issued a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 7.94%. The ex-dividend date of this dividend was Monday, May 12th. Alexander’s’s payout ratio is 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).