JPMorgan Chase & Co. Has $16.50 Million Stock Holdings in Alexander's, Inc. (NYSE:ALX)

JPMorgan Chase & Co. decreased its holdings in shares of Alexander's, Inc. (NYSE:ALX - Free Report) by 10.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 82,471 shares of the real estate investment trust's stock after selling 9,282 shares during the period. JPMorgan Chase & Co. owned approximately 1.61% of Alexander's worth $16,499,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ALX. AlphaQuest LLC bought a new stake in Alexander's in the fourth quarter valued at about $154,000. Franklin Resources Inc. raised its position in shares of Alexander's by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust's stock valued at $225,000 after acquiring an additional 52 shares during the period. SG Americas Securities LLC boosted its stake in Alexander's by 29.1% during the 4th quarter. SG Americas Securities LLC now owns 1,148 shares of the real estate investment trust's stock worth $230,000 after acquiring an additional 259 shares during the last quarter. Principal Financial Group Inc. grew its holdings in 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 valued at $239,000 after purchasing an additional 81 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in Alexander's in the fourth quarter worth $274,000. Institutional investors and hedge funds own 31.99% of the company's stock.

Alexander's Trading Up 0.8 %

Alexander's stock traded up $1.62 during mid-day trading on Thursday, hitting $200.47. 1,343 shares of the company's stock were exchanged, compared to its average volume of 12,932. Alexander's, Inc. has a fifty-two week low of $184.76 and a fifty-two week high of $251.63. 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 firm has a market capitalization of $1.02 billion, a P/E ratio of 23.66 and a beta of 0.82. The company's 50 day simple moving average is $207.73 and its 200-day simple moving average is $210.97.

Alexander's (NYSE:ALX - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.35. Alexander's had a return on equity of 21.45% and a net margin of 19.19%. On average, equities analysts anticipate that Alexander's, Inc. will post 11.5 earnings per share for the current year.

Alexander's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a $4.50 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 8.98%. Alexander's's dividend payout ratio (DPR) is 212.77%.

About Alexander's

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.