Alexander's, Inc. (NYSE:ALX) Plans Quarterly Dividend of $4.50

Key Points

• Alexander's, Inc. declared a quarterly dividend of $4.50 per share, with an annualized dividend of $18.00 and a yield of 7.10%.
• The company's stock is currently trading at $253.43, with a market cap of $1.30 billion and a P/E ratio of 32.83.
• Hedge funds have increased their investment in Alexander's, with notable purchases from Jane Street Group LLC and Goldman Sachs Group Inc., indicating growing institutional interest.

Alexander's, Inc. (NYSE:ALX - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Shareholders of record on Monday, August 11th will be paid a dividend of 4.50 per share by the real estate investment trust on Friday, August 29th. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Monday, August 11th.

Alexander's Stock Down 2.3%

ALX stock traded down $5.84 during mid-day trading on Friday, hitting $245.35. The stock had a trading volume of 51,054 shares, compared to its average volume of 51,101. The company has a current ratio of 11.19, a quick ratio of 11.19 and a debt-to-equity ratio of 6.06. Alexander's has a 1-year low of $184.76 and a 1-year high of $260.84. The company has a fifty day moving average of $233.91 and a 200 day moving average of $215.56. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 31.78 and a beta of 0.85.

Alexander's (NYSE:ALX - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.49. Alexander's had a return on equity of 21.34% and a net margin of 18.03%. The company had revenue of $54.92 million for the quarter, compared to analyst estimates of $56.00 million. On average, equities analysts expect that Alexander's will post 11.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC acquired a new position in shares of Alexander's during the 4th quarter valued at about $28,000. Cullen Frost Bankers Inc. increased its holdings in shares of Alexander's by 177.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 200 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 128 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Alexander's by 37.1% during the 2nd quarter. Signaturefd LLC now owns 270 shares of the real estate investment trust's stock valued at $61,000 after acquiring an additional 73 shares during the last quarter. Strs Ohio acquired a new position in shares of Alexander's during the 1st quarter valued at about $84,000. Finally, Covestor Ltd increased its holdings in shares of Alexander's by 4,655.6% during the 1st quarter. Covestor Ltd now owns 428 shares of the real estate investment trust's stock valued at $89,000 after acquiring an additional 419 shares during the last quarter. Institutional investors and hedge funds own 31.99% of the company's stock.

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.