BNP Paribas Financial Markets Acquires 1,331 Shares of Alexander's, Inc. (NYSE:ALX)

BNP Paribas Financial Markets boosted its stake in shares of Alexander's, Inc. (NYSE:ALX - Free Report) by 75.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,090 shares of the real estate investment trust's stock after purchasing an additional 1,331 shares during the period. BNP Paribas Financial Markets owned 0.06% of Alexander's worth $618,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. AlphaQuest LLC acquired a new stake in shares of Alexander's in the 4th quarter valued at approximately $154,000. Resona Asset Management Co. Ltd. bought a new stake in Alexander's during the fourth quarter worth $163,000. Wells Fargo & Company MN lifted its stake 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 acquiring an additional 342 shares during the last quarter. Algert Global LLC grew its position in shares of Alexander's by 24.4% in the 4th quarter. Algert Global LLC now owns 1,066 shares of the real estate investment trust's stock valued at $213,000 after acquiring an additional 209 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Alexander's by 29.1% in the 4th quarter. SG Americas Securities LLC now owns 1,148 shares of the real estate investment trust's stock valued at $230,000 after acquiring an additional 259 shares during the period. 31.99% of the stock is currently owned by institutional investors.

Alexander's Stock Performance

Shares of ALX stock traded up $2.94 on Thursday, reaching $223.30. The stock had a trading volume of 42,871 shares, compared to its average volume of 14,259. Alexander's, Inc. has a 12 month low of $184.76 and a 12 month high of $251.63. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 26.39 and a beta of 0.78. The firm's 50-day moving average is $208.94 and its two-hundred day moving average is $207.11. 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 announced 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. Alexander's had a return on equity of 21.45% and a net margin of 19.19%. The firm had revenue of $54.92 million for the quarter, compared to the consensus estimate of $56.00 million. On average, research analysts expect that Alexander's, Inc. will post 11.5 EPS for the current fiscal year.

Alexander's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 12th will be paid a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a dividend yield of 8.06%. The ex-dividend date of this dividend is Monday, May 12th. Alexander's's dividend payout ratio is presently 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.