Bank of New York Mellon Corp Has $2.82 Million Holdings in Alexander’s, Inc. (NYSE:ALX)

Bank of New York Mellon Corp reduced its position in shares of Alexander’s, Inc. (NYSE:ALX) by 49.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,105 shares of the real estate investment trust’s stock after selling 13,536 shares during the quarter. Bank of New York Mellon Corp’s holdings in Alexander’s were worth $2,822,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Franklin Resources Inc. increased its stake in Alexander’s by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 52 shares during the period. Principal Financial Group Inc. grew its stake in Alexander’s by 7.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,193 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 81 shares during the period. Rhumbline Advisers grew its stake in shares of Alexander’s by 7.0% in the 4th quarter. Rhumbline Advisers now owns 3,555 shares of the real estate investment trust’s stock valued at $711,000 after buying an additional 234 shares during the period. SG Americas Securities LLC grew its holdings in shares of Alexander’s by 29.1% during the fourth quarter. SG Americas Securities LLC now owns 1,148 shares of the real estate investment trust’s stock valued at $230,000 after buying an additional 259 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in Alexander’s by 21.0% during the 4th quarter. Inspire Investing LLC now owns 2,032 shares of the real estate investment trust’s stock worth $407,000 after acquiring an additional 353 shares during the last quarter. Institutional investors own 31.99% of the company’s stock.

Alexander’s Trading Down 2.1 %

Shares of Alexander’s stock opened at $214.62 on Friday. The stock has a fifty day moving average price of $202.07 and a 200-day moving average price of $215.49. Alexander’s, Inc. has a 1 year low of $184.76 and a 1 year high of $251.63. The firm has a market cap of $1.10 billion, a PE ratio of 25.37 and a beta of 0.83. The company has a debt-to-equity ratio of 5.59, a current ratio of 13.18 and a quick ratio of 13.18.

Alexander’s (NYSE:ALX) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.71 by $0.35. Alexander’s had a net margin of 19.19% and a return on equity of 21.45%. Equities research analysts anticipate that Alexander’s, Inc. will post 11.5 EPS for the current year.

Alexander’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a dividend of $4.50 per share. The ex-dividend date was Tuesday, February 18th. This represents a $18.00 dividend on an annualized basis and a yield of 8.39%. Alexander’s’s payout ratio is 212.77%.

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).