Alexander's, Inc. (NYSE:ALX) Position Boosted by Northern Trust Corp

Northern Trust Corp boosted its holdings in Alexander's, Inc. (NYSE:ALX - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,424 shares of the real estate investment trust's stock after acquiring an additional 2,466 shares during the quarter. Northern Trust Corp owned about 0.44% of Alexander's worth $4,486,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALX. AlphaQuest LLC bought a new stake in Alexander's in the fourth quarter worth about $154,000. Resona Asset Management Co. Ltd. bought a new stake in Alexander's in the fourth quarter worth about $163,000. Wells Fargo & Company MN raised 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 worth $201,000 after acquiring an additional 342 shares in the last quarter. SG Americas Securities LLC raised its position in Alexander's by 29.1% in the fourth quarter. SG Americas Securities LLC now owns 1,148 shares of the real estate investment trust's stock worth $230,000 after acquiring an additional 259 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Alexander's by 7.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,193 shares of the real estate investment trust's stock worth $239,000 after acquiring an additional 81 shares in the last quarter. 31.99% of the stock is currently owned by institutional investors.

Alexander's Price Performance

Alexander's stock traded down $2.24 during midday trading on Friday, hitting $213.80. The company's stock had a trading volume of 29,664 shares, compared to its average volume of 13,987. The company has a quick ratio of 13.18, a current ratio of 13.18 and a debt-to-equity ratio of 5.59. The stock's 50-day moving average price is $208.63 and its 200-day moving average price is $207.40. Alexander's, Inc. has a 12 month low of $184.76 and a 12 month high of $251.63. The company has a market capitalization of $1.09 billion, a PE ratio of 25.27 and a beta of 0.78.

Alexander's (NYSE:ALX - Get Free Report) last issued 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. The firm had revenue of $54.92 million for the quarter, compared to analysts' expectations of $56.00 million. Alexander's had a return on equity of 21.45% and a net margin of 19.19%. Analysts anticipate 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 will be paid on Friday, May 30th. Investors of record on Monday, May 12th will be paid a $4.50 dividend. The ex-dividend date is Monday, May 12th. This represents a $18.00 dividend on an annualized basis and a yield of 8.42%. 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.