Beverly Hills Private Wealth LLC Increases Position in Alexander’s, Inc. $ALX

Beverly Hills Private Wealth LLC lifted its position in shares of Alexander’s, Inc. (NYSE:ALX) by 13.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,286 shares of the real estate investment trust’s stock after buying an additional 2,332 shares during the quarter. Alexander’s makes up 0.8% of Beverly Hills Private Wealth LLC’s holdings, making the stock its 23rd largest holding. Beverly Hills Private Wealth LLC owned 0.40% of Alexander’s worth $4,757,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its holdings in Alexander’s by 9.9% during the second quarter. Daiwa Securities Group Inc. now owns 766 shares of the real estate investment trust’s stock valued at $173,000 after acquiring an additional 69 shares during the period. Rhumbline Advisers grew its position in shares of Alexander’s by 2.6% during the second quarter. Rhumbline Advisers now owns 3,784 shares of the real estate investment trust’s stock worth $853,000 after purchasing an additional 96 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Alexander’s by 89.1% during the second quarter. Tower Research Capital LLC TRC now owns 208 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 98 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Alexander’s by 625.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 116 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its holdings in Alexander’s by 177.8% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 200 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 128 shares in the last quarter. Institutional investors own 31.99% of the company’s stock.

Alexander’s Stock Up 2.2%

Shares of NYSE:ALX opened at $237.99 on Friday. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 43.35 and a beta of 0.82. Alexander’s, Inc. has a 12 month low of $189.05 and a 12 month high of $260.84. The company has a current ratio of 8.36, a quick ratio of 8.36 and a debt-to-equity ratio of 7.60. The company has a 50-day moving average price of $231.10 and a 200 day moving average price of $228.35.

Alexander’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be given a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Tuesday, February 17th. Alexander’s’s dividend payout ratio is 327.87%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ALX. Weiss Ratings reiterated a “hold (c)” rating on shares of Alexander’s in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Alexander’s from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy”.

About Alexander’s

Alexander’s (NYSE: ALX) is a publicly traded real estate investment trust focused on owning, leasing and managing commercial properties in the New York metropolitan area. The company’s portfolio encompasses office buildings, retail storefronts and parking facilities, all held on a wholly owned basis. By concentrating on prime urban and suburban locations, Alexander’s seeks to generate stable rental income and long-term asset appreciation.

Founded in 1928 as a family-run department store chain, Alexander’s transitioned during the early 1990s into a pure-play real estate company following the sale of its retail operations.