BNP Paribas Financial Markets Has $618,000 Holdings in Alexander's, Inc. (NYSE:ALX)

BNP Paribas Financial Markets raised its holdings in Alexander's, Inc. (NYSE:ALX - Free Report) by 75.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,090 shares of the real estate investment trust's stock after buying an additional 1,331 shares during the period. BNP Paribas Financial Markets owned about 0.06% of Alexander's worth $618,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Alexander's in the fourth quarter valued at $1,299,000. May Hill Capital LLC bought a new stake in shares of Alexander's during the 4th quarter worth about $1,049,000. Tudor Investment Corp ET AL grew its stake in Alexander's by 106.3% in the 4th quarter. Tudor Investment Corp ET AL now owns 8,468 shares of the real estate investment trust's stock valued at $1,694,000 after buying an additional 4,364 shares during the last quarter. Argosy Lionbridge Management LLC acquired a new position in Alexander's in the 4th quarter valued at about $563,000. Finally, Los Angeles Capital Management LLC raised its holdings in Alexander's by 19.1% in the 4th 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 acquiring an additional 2,572 shares during the period. 31.99% of the stock is owned by institutional investors and hedge funds.

Alexander's Stock Performance

Shares of NYSE:ALX traded up $4.66 during trading on Tuesday, reaching $218.63. 19,347 shares of the stock were exchanged, compared to its average volume of 14,027. Alexander's, Inc. has a 12 month low of $184.76 and a 12 month high of $251.63. The stock has a 50-day moving average price of $208.52 and a 200-day moving average price of $206.95. The company has a current ratio of 13.18, a quick ratio of 13.18 and a debt-to-equity ratio of 5.59. The firm has a market cap of $1.12 billion, a PE ratio of 25.84 and a beta of 0.78.

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 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.49. Alexander's had a return on equity of 21.45% and a net margin of 19.19%. The business had revenue of $54.92 million during the quarter, compared to analysts' expectations of $56.00 million. Research analysts expect that Alexander's, Inc. will post 11.5 EPS for the current fiscal year.

Alexander's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 12th will be issued a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a dividend yield of 8.23%. The ex-dividend date of this dividend is Monday, May 12th. Alexander's's dividend payout ratio is currently 233.16%.

Alexander's 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.