First Trust Advisors LP Trims Holdings in Alexander's, Inc. (NYSE:ALX)

First Trust Advisors LP reduced its stake in Alexander's, Inc. (NYSE:ALX - Free Report) by 38.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,087 shares of the real estate investment trust's stock after selling 5,087 shares during the period. First Trust Advisors LP owned 0.16% of Alexander's worth $1,618,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Alexander's by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 57,932 shares of the real estate investment trust's stock valued at $11,593,000 after acquiring an additional 687 shares in the last quarter. Denali Advisors LLC grew its position in Alexander's by 9.3% during the fourth quarter. Denali Advisors LLC now owns 29,315 shares of the real estate investment trust's stock valued at $5,865,000 after buying an additional 2,502 shares during the period. Los Angeles Capital Management LLC grew its position in Alexander's by 19.1% during 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 buying an additional 2,572 shares during the period. Zacks Investment Management grew its position in shares of Alexander's by 11.9% in the fourth quarter. Zacks Investment Management now owns 14,541 shares of the real estate investment trust's stock valued at $2,909,000 after purchasing an additional 1,551 shares during the period. Finally, New York State Common Retirement Fund grew its position in shares of Alexander's by 6.2% in the fourth quarter. New York State Common Retirement Fund now owns 10,318 shares of the real estate investment trust's stock valued at $2,064,000 after purchasing an additional 600 shares during the period. 31.99% of the stock is currently owned by institutional investors.

Alexander's Price Performance

Shares of NYSE ALX traded up $8.49 during trading on Monday, hitting $217.59. The company had a trading volume of 4,985 shares, compared to its average volume of 13,160. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 25.72 and a beta of 0.78. Alexander's, Inc. has a fifty-two week low of $184.76 and a fifty-two week high of $251.63. The stock has a fifty day simple moving average of $207.95 and a two-hundred day simple moving average of $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.

Alexander's (NYSE:ALX - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $4.06 earnings per share for the quarter, topping analysts' consensus estimates of $3.57 by $0.49. The firm had revenue of $54.92 million for the quarter, compared to analyst estimates of $56.00 million. Alexander's had a net margin of 19.19% and a return on equity of 21.45%. On average, research analysts expect that Alexander's, Inc. will post 11.5 earnings per share for the current year.

Alexander's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 12th will be issued a $4.50 dividend. The ex-dividend date is Monday, May 12th. This represents a $18.00 annualized dividend and a yield of 8.27%. Alexander's's payout ratio is 233.16%.

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.