Beverly Hills Private Wealth LLC Purchases Shares of 6,632 Alexander's, Inc. (NYSE:ALX)

Beverly Hills Private Wealth LLC purchased a new position in Alexander's, Inc. (NYSE:ALX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,632 shares of the real estate investment trust's stock, valued at approximately $1,387,000. Beverly Hills Private Wealth LLC owned about 0.13% of Alexander's as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in shares of Alexander's by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 57,932 shares of the real estate investment trust's stock worth $11,593,000 after acquiring an additional 687 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Alexander's by 5.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,810 shares of the real estate investment trust's stock worth $11,365,000 after acquiring an additional 2,861 shares during the last quarter. Northern Trust Corp increased its stake in Alexander's by 12.4% in the fourth quarter. Northern Trust Corp now owns 22,424 shares of the real estate investment trust's stock valued at $4,486,000 after purchasing an additional 2,466 shares during the last quarter. Zacks Investment Management increased its stake in Alexander's by 11.9% in the fourth quarter. Zacks Investment Management now owns 14,541 shares of the real estate investment trust's stock valued at $2,909,000 after purchasing an additional 1,551 shares during the last quarter. Finally, Tudor Investment Corp ET AL increased its stake in 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 valued at $1,694,000 after purchasing an additional 4,364 shares during the last quarter. 31.99% of the stock is owned by institutional investors and hedge funds.

Alexander's Trading Up 0.1%

Alexander's stock traded up $0.22 during trading on Tuesday, hitting $233.05. The company's stock had a trading volume of 17,134 shares, compared to its average volume of 20,365. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 30.19 and a beta of 0.85. The stock's fifty day moving average is $222.00 and its 200 day moving average is $208.96. Alexander's, Inc. has a 1-year low of $184.76 and a 1-year high of $251.63. 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 (NYSE:ALX - Get Free Report) last released its earnings results on Monday, May 5th. The real estate investment trust reported $4.06 EPS for the quarter, beating the consensus estimate of $3.57 by $0.49. The firm had revenue of $54.92 million during the quarter, compared to analyst estimates 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 predict that Alexander's, Inc. will post 11.5 EPS for the current year.

Alexander's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 12th were paid a $4.50 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $18.00 annualized dividend and a yield of 7.72%. Alexander's's payout ratio is currently 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.