Brooklyn Investment Group Makes New Investment in Alexander's, Inc. $ALX

Key Points

• Brooklyn Investment Group has made a new investment in Alexander's, Inc., purchasing 5,232 shares valued at approximately $1,094,000 during the first quarter.
• Alexander's reported $2.88 earnings per share for the latest quarter, missing the consensus estimate of $3.08, with revenue of $51.59 million compared to expectations of $51.90 million.
• The company declared a quarterly dividend of $4.50 per share, resulting in an annualized dividend of $18.00 and a dividend yield of 8.2%.

Brooklyn Investment Group bought a new stake in Alexander's, Inc. (NYSE:ALX - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,232 shares of the real estate investment trust's stock, valued at approximately $1,094,000. Brooklyn Investment Group owned approximately 0.10% of Alexander's at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Mariner LLC grew its position in shares of Alexander's by 1.8% in 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. Resona Asset Management Co. Ltd. grew its position in shares of Alexander's by 13.7% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 937 shares of the real estate investment trust's stock valued at $198,000 after acquiring an additional 113 shares during the period. Rhumbline Advisers grew its position in shares of Alexander's by 3.7% in the 1st quarter. Rhumbline Advisers now owns 3,688 shares of the real estate investment trust's stock valued at $771,000 after acquiring an additional 133 shares during the period. Lazard Asset Management LLC bought a new position in shares of Alexander's in the 4th quarter valued at about $28,000. Finally, Algert Global LLC grew its position in shares of Alexander's by 24.4% in the 4th quarter. Algert Global LLC now owns 1,066 shares of the real estate investment trust's stock valued at $213,000 after acquiring an additional 209 shares during the period. Institutional investors own 31.99% of the company's stock.

Alexander's Stock Performance

Shares of ALX traded up $7.7570 during midday trading on Friday, reaching $229.9970. The stock had a trading volume of 26,773 shares, compared to its average volume of 33,131. The firm has a 50 day simple moving average of $232.72 and a 200-day simple moving average of $218.33. Alexander's, Inc. has a one year low of $184.76 and a one year high of $260.84. The firm has a market cap of $1.17 billion, a PE ratio of 31.59 and a beta of 0.85. The company has a current ratio of 9.78, a quick ratio of 9.78 and a debt-to-equity ratio of 6.79.

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

Alexander's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 11th will be given a dividend of $4.50 per share. The ex-dividend date is Monday, August 11th. This represents a $18.00 annualized dividend and a yield of 7.8%. Alexander's's dividend payout ratio (DPR) is 247.25%.

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.