Nisa Investment Advisors LLC Reduces Stock Position in Alexander’s, Inc. (NYSE:ALX)

Nisa Investment Advisors LLC trimmed its stake in Alexander’s, Inc. (NYSE:ALX) by 27.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,121 shares of the real estate investment trust’s stock after selling 426 shares during the period. Nisa Investment Advisors LLC’s holdings in Alexander’s were worth $234,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ALX. Lazard Asset Management LLC purchased a new position in shares of Alexander’s during the 4th quarter valued at approximately $28,000. Resona Asset Management Co. Ltd. acquired a new position in Alexander’s during the 4th quarter worth $163,000. Wells Fargo & Company MN boosted its position in shares of Alexander’s by 51.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,004 shares of the real estate investment trust’s stock worth $201,000 after acquiring an additional 342 shares in the last quarter. Algert Global LLC lifted its holdings in shares of Alexander’s by 24.4% in the 4th 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 last quarter. Finally, EntryPoint Capital LLC purchased a new stake in Alexander’s during the 4th quarter valued at approximately $274,000. 31.99% of the stock is owned by institutional investors.

Alexander’s Stock Performance

ALX opened at $241.88 on Friday. The stock’s 50 day simple moving average is $226.10 and its 200 day simple moving average is $210.80. The stock has a market cap of $1.24 billion, a P/E ratio of 31.33 and a beta of 0.85. The company has a debt-to-equity ratio of 6.06, a current ratio of 11.19 and a quick ratio of 11.19. Alexander’s, Inc. has a 1-year low of $184.76 and a 1-year high of $251.63.

Alexander’s (NYSE:ALX) last announced its 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 analyst estimates of $56.00 million. Alexander’s had a return on equity of 21.34% and a net margin of 18.03%. As a group, equities analysts anticipate that Alexander’s, Inc. will post 11.5 EPS for the current fiscal year.

Alexander’s Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Monday, May 12th. This represents a $18.00 annualized dividend and a yield of 7.44%. Alexander’s’s dividend payout ratio (DPR) is presently 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).