Alliancebernstein L.P. Cuts Position in Alexander’s, Inc. (NYSE:ALX)

Alliancebernstein L.P. lowered its position in Alexander’s, Inc. (NYSE:ALX) by 5.8% in the fourth quarter, Holdings Channel reports. The fund owned 1,635 shares of the real estate investment trust’s stock after selling 100 shares during the period. Alliancebernstein L.P.’s holdings in Alexander’s were worth $327,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALX. State Street Corp grew its stake in shares of Alexander’s by 1.6% during the third quarter. State Street Corp now owns 58,122 shares of the real estate investment trust’s stock worth $14,086,000 after purchasing an additional 927 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Alexander’s by 162.6% in the 3rd quarter. Jane Street Group LLC now owns 5,722 shares of the real estate investment trust’s stock valued at $1,387,000 after acquiring an additional 3,543 shares during the last quarter. Barclays PLC increased its holdings in shares of Alexander’s by 369.7% in the 3rd quarter. Barclays PLC now owns 3,584 shares of the real estate investment trust’s stock valued at $869,000 after acquiring an additional 2,821 shares during the last quarter. Franklin Resources Inc. raised its position in shares of 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 in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Alexander’s by 11.5% in the third quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust’s stock valued at $270,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds own 31.99% of the company’s stock.

Alexander’s Stock Down 2.0 %

ALX stock opened at $197.76 on Tuesday. The stock has a market cap of $1.01 billion, a P/E ratio of 23.38 and a beta of 0.82. The company has a current ratio of 13.18, a quick 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 company’s 50 day moving average is $207.94 and its two-hundred day moving average is $209.88.

Alexander’s (NYSE:ALX) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $4.06 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%. Research analysts expect that Alexander’s, Inc. will post 11.5 earnings per share for the current fiscal 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. This represents a $18.00 annualized dividend and a yield of 9.10%. The ex-dividend date was Tuesday, February 18th. Alexander’s’s dividend payout ratio (DPR) 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).