Raymond James Financial Inc. Makes New $311,000 Investment in Alexander's, Inc. (NYSE:ALX)

Raymond James Financial Inc. purchased a new position in shares of Alexander's, Inc. (NYSE:ALX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,556 shares of the real estate investment trust's stock, valued at approximately $311,000.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Alexander's by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 57,932 shares of the real estate investment trust's stock worth $11,593,000 after buying an additional 687 shares during the period. Denali Advisors LLC grew its stake in shares of Alexander's by 9.3% in the 4th quarter. Denali Advisors LLC now owns 29,315 shares of the real estate investment trust's stock valued at $5,865,000 after purchasing an additional 2,502 shares during the period. Los Angeles Capital Management LLC grew its position in Alexander's by 19.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 16,007 shares of the real estate investment trust's stock valued at $3,202,000 after acquiring an additional 2,572 shares during the period. New York State Common Retirement Fund increased its position in shares of Alexander's by 6.2% during the 4th quarter. New York State Common Retirement Fund now owns 10,318 shares of the real estate investment trust's stock worth $2,064,000 after purchasing an additional 600 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Alexander's during the fourth quarter worth approximately $1,299,000. Institutional investors own 31.99% of the company's stock.

Alexander's Price Performance

Alexander's stock traded up $1.51 on Thursday, reaching $217.92. The company's stock had a trading volume of 8,909 shares, compared to its average volume of 13,347. The business's fifty day moving average price is $207.99 and its 200 day moving average price is $207.84. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 25.62 and a beta of 0.78. The company has a debt-to-equity ratio of 5.59, a quick ratio of 13.18 and a current ratio of 13.18. Alexander's, Inc. has a twelve month low of $184.76 and a twelve month high of $251.63.

Alexander's (NYSE:ALX - Get Free Report) last released its earnings results on Monday, May 5th. The real estate investment trust reported $4.06 EPS for the quarter, beating the consensus estimate of $3.57 by $0.49. The company had revenue of $54.92 million during the quarter, compared to analysts' expectations of $56.00 million. Alexander's had a return on equity of 21.45% and a net margin of 19.19%. Equities analysts expect that Alexander's, Inc. will post 11.5 earnings per share for the current fiscal year.

Alexander's Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 12th will be given a dividend of $4.50 per share. The ex-dividend date is Monday, May 12th. This represents a $18.00 dividend on an annualized basis and a yield of 8.26%. Alexander's's payout ratio is presently 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.