Alexander's, Inc. (NYSE:ALX) Shares Purchased by Northern Trust Corp

Northern Trust Corp raised its position in Alexander's, Inc. (NYSE:ALX - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,424 shares of the real estate investment trust's stock after buying an additional 2,466 shares during the period. Northern Trust Corp owned about 0.44% of Alexander's worth $4,486,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Alexander's in the fourth quarter valued at approximately $1,299,000. May Hill Capital LLC acquired a new position in shares of Alexander's in the fourth quarter worth $1,049,000. Tudor Investment Corp ET AL grew its stake in shares of Alexander's by 106.3% in the fourth quarter. Tudor Investment Corp ET AL now owns 8,468 shares of the real estate investment trust's stock worth $1,694,000 after acquiring an additional 4,364 shares in the last quarter. Argosy Lionbridge Management LLC acquired a new position in shares of Alexander's in the fourth quarter worth $563,000. Finally, Los Angeles Capital Management LLC grew its stake in shares of Alexander's by 19.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 16,007 shares of the real estate investment trust's stock worth $3,202,000 after acquiring an additional 2,572 shares in the last quarter. 31.99% of the stock is currently owned by institutional investors and hedge funds.

Alexander's Stock Up 2.2%

Shares of NYSE:ALX traded up $4.66 during trading on Tuesday, hitting $218.63. The company's stock had a trading volume of 19,347 shares, compared to its average volume of 14,027. The business has a 50 day moving average price of $208.60 and a two-hundred day moving average price of $207.03. The company has a market capitalization of $1.12 billion, a PE ratio of 25.84 and a beta of 0.78. The company has a debt-to-equity ratio of 5.59, a quick ratio of 13.18 and a current ratio of 13.18. Alexander's, Inc. has a fifty-two week low of $184.76 and a fifty-two week high of $251.63.

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 (EPS) for the quarter, topping 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 return on equity of 21.45% and a net margin of 19.19%. As a group, 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 declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 12th will be issued a $4.50 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 8.23%. Alexander's's dividend payout ratio (DPR) 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.