Alexander’s, Inc. (NYSE:ALX) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD grew its position in Alexander’s, Inc. (NYSE:ALX) by 15.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,191 shares of the real estate investment trust’s stock after acquiring an additional 562 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Alexander’s were worth $839,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. AlphaQuest LLC purchased a new stake in Alexander’s in the 4th quarter valued at $154,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of Alexander’s in the fourth quarter valued at about $163,000. Wells Fargo & Company MN raised its holdings in shares of Alexander’s by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 1,004 shares of the real estate investment trust’s stock valued at $201,000 after buying an additional 342 shares during the last quarter. SG Americas Securities LLC boosted its stake 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 worth $230,000 after buying an additional 259 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of 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 buying an additional 81 shares during the last quarter. 31.99% of the stock is owned by institutional investors and hedge funds.

Alexander’s Stock Performance

Shares of ALX stock opened at $214.80 on Monday. The stock’s 50-day moving average price is $207.95 and its 200 day moving average price is $207.78. The company has a quick ratio of 13.18, a current ratio of 13.18 and a debt-to-equity ratio of 5.59. The stock has a market capitalization of $1.10 billion, a PE ratio of 25.39 and a beta of 0.78. Alexander’s, Inc. has a 52-week low of $184.76 and a 52-week high of $251.63.

Alexander’s (NYSE:ALX) last released its earnings results on Monday, May 5th. The real estate investment trust reported $4.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.49. Alexander’s had a return on equity of 21.45% and a net margin of 19.19%. The business had revenue of $54.92 million for the quarter, compared to analyst estimates of $56.00 million. As a group, equities research analysts forecast that Alexander’s, Inc. will post 11.5 EPS for the current year.

Alexander’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 12th will be paid a $4.50 dividend. The ex-dividend date is Monday, May 12th. This represents a $18.00 annualized dividend and a yield of 8.38%. Alexander’s’s dividend payout ratio is currently 233.16%.

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).