Beverly Hills Private Wealth LLC Makes New Investment in Alexander's, Inc. (NYSE:ALX)

Beverly Hills Private Wealth LLC bought a new stake in shares of Alexander's, Inc. (NYSE:ALX - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 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.

Several other hedge funds have also added to or reduced their stakes in the stock. Mariner LLC boosted its holdings in Alexander's by 1.8% in the fourth quarter. Mariner LLC now owns 5,961 shares of the real estate investment trust's stock worth $1,193,000 after acquiring an additional 105 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Alexander's by 3.7% during the first quarter. Rhumbline Advisers now owns 3,688 shares of the real estate investment trust's stock valued at $771,000 after purchasing an additional 133 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Alexander's during the fourth quarter valued at $28,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Alexander's by 7.8% during 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 in the last quarter. Finally, Algert Global LLC lifted its holdings in shares of Alexander's by 24.4% during the fourth quarter. Algert Global LLC now owns 1,066 shares of the real estate investment trust's stock valued at $213,000 after purchasing an additional 209 shares in the last quarter. 31.99% of the stock is owned by institutional investors.

Alexander's Stock Performance

Shares of NYSE:ALX traded up $3.80 during midday trading on Thursday, reaching $234.29. 73,578 shares of the company's stock traded hands, compared to its average volume of 21,253. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 30.35 and a beta of 0.85. The company has a debt-to-equity ratio of 6.06, a quick ratio of 11.19 and a current ratio of 11.19. Alexander's, Inc. has a one year low of $184.76 and a one year high of $251.63. The stock has a 50 day moving average of $222.97 and a 200 day moving average of $209.26.

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 (EPS) for the quarter, beating analysts' consensus estimates of $3.57 by $0.49. The firm had revenue of $54.92 million for the quarter, compared to the consensus estimate of $56.00 million. Alexander's had a return on equity of 21.34% and a net margin of 18.03%. As a group, equities research analysts anticipate 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 given a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date of this dividend was Monday, May 12th. Alexander's's dividend payout ratio (DPR) is presently 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.