Hotchkis & Wiley Capital Management LLC Cuts Stake in Alexander's, Inc. $ALX

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its stake in Alexander's, Inc. by 9.5%, owning approximately 0.66% of the company after selling 3,565 shares in the first quarter.
• Wells Fargo & Company MN significantly increased its holding by 51.7% during the fourth quarter, now owning 1,004 shares valued at $201,000.
• A quarterly dividend of $4.50 per share was announced, with a dividend yield of 7.8%, scheduled for payment on August 29th to shareholders of record by August 11th.

Hotchkis & Wiley Capital Management LLC lessened its position in shares of Alexander's, Inc. (NYSE:ALX - Free Report) by 9.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,930 shares of the real estate investment trust's stock after selling 3,565 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.66% of Alexander's worth $7,097,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Mariner LLC increased its position in Alexander's by 1.8% during the fourth quarter. Mariner LLC now owns 5,961 shares of the real estate investment trust's stock valued at $1,193,000 after acquiring an additional 105 shares during the last quarter. Resona Asset Management Co. Ltd. increased its position in Alexander's by 13.7% in the first quarter. Resona Asset Management Co. Ltd. now owns 937 shares of the real estate investment trust's stock worth $198,000 after buying an additional 113 shares in the last quarter. Rhumbline Advisers increased its position in Alexander's by 3.7% in the first quarter. Rhumbline Advisers now owns 3,688 shares of the real estate investment trust's stock worth $771,000 after buying an additional 133 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Alexander's in the fourth quarter worth about $28,000. Finally, Algert Global LLC increased 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 worth $213,000 after buying an additional 209 shares in the last quarter. Hedge funds and other institutional investors own 31.99% of the company's stock.

Alexander's Stock Performance

ALX traded down $0.42 during midday trading on Friday, reaching $230.05. The company had a trading volume of 28,056 shares, compared to its average volume of 52,122. The company has a quick ratio of 9.78, a current ratio of 9.78 and a debt-to-equity ratio of 6.79. The business has a 50-day moving average of $233.22 and a two-hundred day moving average of $219.96. The company has a market cap of $1.18 billion, a P/E ratio of 31.60 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.

Alexander's (NYSE:ALX - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $2.88 EPS for the quarter, missing analysts' consensus estimates of $3.08 by ($0.20). The company had revenue of $51.59 million during the quarter, compared to analysts' expectations of $51.90 million. Alexander's had a return on equity of 22.12% and a net margin of 17.14%. As a group, equities research analysts predict that Alexander's, Inc. will post 11.5 earnings per share for the current fiscal year.

Alexander's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 11th were given a $4.50 dividend. The ex-dividend date was Monday, August 11th. This represents a $18.00 dividend on an annualized basis and a yield of 7.8%. Alexander's's dividend payout ratio is presently 247.25%.

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.