Wakefield Asset Management LLLP Takes Position in Alexander's, Inc. (NYSE:ALX)

Wakefield Asset Management LLLP acquired a new position in shares of Alexander's, Inc. (NYSE:ALX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,209 shares of the real estate investment trust's stock, valued at approximately $1,090,000. Wakefield Asset Management LLLP owned 0.10% of Alexander's as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Lazard Asset Management LLC acquired a new stake in shares of Alexander's during the 4th quarter valued at about $28,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of Alexander's during the 4th quarter valued at about $163,000. Wells Fargo & Company MN boosted its position in 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 in the last quarter. Algert Global LLC boosted its position in Alexander's by 24.4% in the fourth quarter. Algert Global LLC now owns 1,066 shares of the real estate investment trust's stock valued at $213,000 after buying an additional 209 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Alexander's in the fourth quarter valued at about $274,000. Institutional investors own 31.99% of the company's stock.

Alexander's Price Performance

NYSE:ALX traded down $0.60 on Friday, reaching $258.52. The stock had a trading volume of 28,051 shares, compared to its average volume of 56,743. The company has a market capitalization of $1.32 billion, a P/E ratio of 33.49 and a beta of 0.85. Alexander's, Inc. has a 1-year low of $184.76 and a 1-year high of $260.84. The company has a quick ratio of 11.19, a current ratio of 11.19 and a debt-to-equity ratio of 6.06. The stock has a fifty day moving average price of $230.35 and a 200-day moving average price of $213.15.

Alexander's (NYSE:ALX - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $4.06 EPS for the quarter, beating 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 18.03% and a return on equity of 21.34%. Research analysts forecast that Alexander's, Inc. will post 11.5 EPS for the current year.

Alexander's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 12th were paid a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 6.96%. The ex-dividend date was Monday, May 12th. Alexander's's dividend payout ratio is presently 233.16%.

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.