Beverly Hills Private Wealth LLC Raises Stock Holdings in Alexander's, Inc. $ALX

Key Points

• Beverly Hills Private Wealth LLC has increased its holdings in Alexander's, Inc. by 170.7% during the second quarter, now owning 17,954 shares worth approximately $4,045,000.
• Several institutional investors have also significantly increased their positions in Alexander's, with Harbour Investments growing its stake by 401.0% in the same period.
• Alexander's recently reported earnings of $2.88 per share, which fell short of analyst expectations, and declared a quarterly dividend of $4.50, translating to a 7.6% dividend yield.

Beverly Hills Private Wealth LLC increased its holdings in shares of Alexander's, Inc. (NYSE:ALX - Free Report) by 170.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,954 shares of the real estate investment trust's stock after purchasing an additional 11,322 shares during the quarter. Alexander's makes up 0.8% of Beverly Hills Private Wealth LLC's portfolio, making the stock its 29th biggest holding. Beverly Hills Private Wealth LLC owned approximately 0.35% of Alexander's worth $4,045,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Harbour Investments Inc. grew its position in shares of Alexander's by 401.0% during the second quarter. Harbour Investments Inc. now owns 501 shares of the real estate investment trust's stock worth $113,000 after purchasing an additional 401 shares in the last quarter. CWM LLC grew its position in shares of Alexander's by 275.0% during the second quarter. CWM LLC now owns 450 shares of the real estate investment trust's stock worth $101,000 after purchasing an additional 330 shares in the last quarter. Inspire Investing LLC grew its position in shares of Alexander's by 5.2% during the second quarter. Inspire Investing LLC now owns 1,733 shares of the real estate investment trust's stock worth $390,000 after purchasing an additional 85 shares in the last quarter. Signaturefd LLC grew its position in shares of Alexander's by 37.1% during the second quarter. Signaturefd LLC now owns 270 shares of the real estate investment trust's stock worth $61,000 after purchasing an additional 73 shares in the last quarter. Finally, Rhumbline Advisers grew its position 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 worth $771,000 after purchasing an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 31.99% of the company's stock.

Wall Street Analysts Forecast Growth

ALX has been the subject of several research analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Alexander's in a research report on Wednesday, October 8th. Zacks Research upgraded Alexander's from a "strong sell" rating to a "hold" rating in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold".

Alexander's Price Performance

ALX stock opened at $235.56 on Monday. Alexander's, Inc. has a 52 week low of $184.76 and a 52 week high of $260.84. The firm has a market capitalization of $1.20 billion, a P/E ratio of 32.36 and a beta of 0.86. The company has a fifty day simple moving average of $232.66 and a two-hundred day simple moving average of $226.09. The company has a quick ratio of 9.78, a current ratio of 9.78 and a debt-to-equity ratio of 6.79.

Alexander's (NYSE:ALX - Get Free Report) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.08 by ($0.20). Alexander's had a net margin of 17.14% and a return on equity of 22.12%. The business had revenue of $51.59 million for the quarter, compared to analysts' expectations of $51.90 million. Analysts anticipate that Alexander's, Inc. will post 11.5 earnings per share for the current fiscal year.

Alexander's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 11th were paid a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend was Monday, August 11th. Alexander's's dividend payout ratio (DPR) is presently 247.25%.

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.

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