Beverly Hills Private Wealth LLC purchased a new stake in shares of Alexander's, Inc. (NYSE:ALX - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,632 shares of the real estate investment trust's stock, valued at approximately $1,387,000. Beverly Hills Private Wealth LLC owned approximately 0.13% of Alexander's at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of ALX. Mariner LLC grew its position in shares of Alexander's by 1.8% during the 4th 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 period. Rhumbline Advisers boosted its position in Alexander's by 3.7% during the first quarter. Rhumbline Advisers now owns 3,688 shares of the real estate investment trust's stock worth $771,000 after purchasing an additional 133 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Alexander's in the fourth quarter valued at approximately $28,000. Nomura Asset Management Co. Ltd. grew its holdings in Alexander's by 7.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,765 shares of the real estate investment trust's stock valued at $553,000 after purchasing an additional 200 shares during the period. Finally, Algert Global LLC increased its position in shares of 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 valued at $213,000 after buying an additional 209 shares in the last quarter. 31.99% of the stock is owned by institutional investors and hedge funds.
Alexander's Trading Up 0.7%
Shares of ALX stock opened at $232.52 on Monday. Alexander's, Inc. has a 1-year low of $184.76 and a 1-year high of $251.63. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 30.12 and a beta of 0.85. The company has a debt-to-equity ratio of 6.06, a current ratio of 11.19 and a quick ratio of 11.19. The stock has a 50 day simple moving average of $221.50 and a 200-day simple moving average of $208.76.
Alexander's (NYSE:ALX - Get Free Report) last posted its quarterly earnings data 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 net margin of 18.03% and a return on equity of 21.34%. The company had revenue of $54.92 million during the quarter, compared to analysts' expectations of $56.00 million. On average, equities 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 disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 12th were issued a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 7.74%. The ex-dividend date of this dividend was Monday, May 12th. Alexander's's payout ratio is 233.16%.
About Alexander's
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding ALX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexander's, Inc. (NYSE:ALX - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Alexander's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alexander's wasn't on the list.
While Alexander's currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
