Norges Bank Purchases New Position in Alexander’s, Inc. (NYSE:ALX)

Norges Bank acquired a new position in Alexander’s, Inc. (NYSE:ALX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,495 shares of the real estate investment trust’s stock, valued at approximately $1,299,000. Norges Bank owned 0.13% of Alexander’s at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. AlphaQuest LLC bought a new position in shares of Alexander’s in the fourth quarter worth $154,000. Franklin Resources Inc. lifted its holdings 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 purchasing an additional 52 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Alexander’s by 29.1% during the 4th quarter. SG Americas Securities LLC now owns 1,148 shares of the real estate investment trust’s stock worth $230,000 after purchasing an additional 259 shares in the last quarter. Principal Financial Group Inc. boosted 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 purchasing an additional 81 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in Alexander’s during the 4th quarter valued at about $274,000. 31.99% of the stock is currently owned by hedge funds and other institutional investors.

Alexander’s Trading Up 2.4 %

Shares of ALX opened at $204.05 on Friday. The business’s 50-day moving average price is $207.43 and its 200-day moving average price is $211.60. 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, Inc. has a twelve month low of $184.76 and a twelve month high of $251.63. The stock has a market cap of $1.04 billion, a PE ratio of 24.12 and a beta of 0.82.

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

Alexander’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 8.82%. The ex-dividend date of this dividend was Tuesday, February 18th. Alexander’s’s dividend payout ratio is 212.77%.

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).