Cwm LLC Increases Stock Holdings in Alexander’s, Inc. $ALX

Cwm LLC lifted its stake in Alexander’s, Inc. (NYSE:ALX) by 275.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 450 shares of the real estate investment trust’s stock after purchasing an additional 330 shares during the quarter. Cwm LLC’s holdings in Alexander’s were worth $101,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC boosted its holdings in shares of Alexander’s by 37.1% in the 2nd quarter. Signaturefd LLC now owns 270 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 73 shares during the period. Strs Ohio bought a new stake in shares of Alexander’s during the 1st quarter worth approximately $84,000. Covestor Ltd lifted its stake in shares of Alexander’s by 4,655.6% during the 1st quarter. Covestor Ltd now owns 428 shares of the real estate investment trust’s stock worth $89,000 after acquiring an additional 419 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its stake in shares of Alexander’s by 13.7% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 937 shares of the real estate investment trust’s stock worth $198,000 after acquiring an additional 113 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Alexander’s during the 1st quarter worth approximately $208,000. Hedge funds and other institutional investors own 31.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ALX shares. Zacks Research raised Alexander’s from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Alexander’s in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Alexander’s Trading Up 1.5%

Shares of NYSE ALX opened at $221.79 on Friday. The company has a quick ratio of 9.78, a current ratio of 9.78 and a debt-to-equity ratio of 6.79. The business has a fifty day simple moving average of $234.18 and a two-hundred day simple moving average of $228.17. The firm has a market cap of $1.13 billion, a PE ratio of 30.47 and a beta of 0.86. Alexander’s, Inc. has a twelve month low of $184.76 and a twelve month high of $260.84.

Alexander’s (NYSE:ALX) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.20). The firm had revenue of $51.59 million for the quarter, compared to the consensus estimate of $51.90 million. Alexander’s had a net margin of 17.14% and a return on equity of 22.12%. Analysts expect that Alexander’s, Inc. will post 11.5 earnings per share for the current fiscal year.

Alexander’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 10th will be given a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $18.00 dividend on an annualized basis and a yield of 8.1%. Alexander’s’s payout ratio is 247.25%.

Alexander’s 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).