Cerity Partners LLC Acquires New Stake in Alexander's, Inc. (NYSE:ALX)

Key Points

• Cerity Partners LLC has acquired a new position in Alexander's, Inc., purchasing 1,401 shares for approximately $293,000 during the first quarter.
• Alexander's recently reported an earnings per share (EPS) of $4.06 for the quarter, surpassing analysts' expectations of $3.57, despite revenues slightly below estimates.
• The company declared a quarterly dividend of $4.50 per share, representing an annualized yield of 7.04%, with a high payout ratio of 233.16%.

Cerity Partners LLC purchased a new position in shares of Alexander's, Inc. (NYSE:ALX - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,401 shares of the real estate investment trust's stock, valued at approximately $293,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Beverly Hills Private Wealth LLC acquired a new position in shares of Alexander's during the first quarter worth about $1,387,000. Penserra Capital Management LLC lifted its stake in Alexander's by 18.5% in the first quarter. Penserra Capital Management LLC now owns 5,017 shares of the real estate investment trust's stock valued at $1,049,000 after buying an additional 785 shares during the last quarter. Rhumbline Advisers lifted its stake in Alexander's by 3.7% in the first quarter. Rhumbline Advisers now owns 3,688 shares of the real estate investment trust's stock valued at $771,000 after buying an additional 133 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Alexander's by 29,778.6% during the first quarter. GAMMA Investing LLC now owns 4,183 shares of the real estate investment trust's stock worth $875,000 after purchasing an additional 4,169 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Alexander's by 277.0% during the fourth quarter. Millennium Management LLC now owns 7,348 shares of the real estate investment trust's stock worth $1,470,000 after purchasing an additional 5,399 shares during the last quarter. 31.99% of the stock is currently owned by hedge funds and other institutional investors.

Alexander's Price Performance

NYSE:ALX traded down $0.48 during trading hours on Thursday, hitting $251.89. The company's stock had a trading volume of 25,061 shares, compared to its average volume of 30,703. The business's 50-day moving average is $232.58 and its two-hundred day moving average is $214.56. The company has a market capitalization of $1.29 billion, a PE ratio of 32.69 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 52-week low of $184.76 and a 52-week high of $260.84.

Alexander's (NYSE:ALX - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.49. The firm had revenue of $54.92 million during the quarter, compared to analysts' expectations of $56.00 million. Alexander's had a return on equity of 21.34% and a net margin of 18.03%. As a group, research analysts anticipate that Alexander's, Inc. will post 11.5 EPS for the current fiscal year.

Alexander's Dividend Announcement

The firm 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 $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 7.15%. Alexander's's payout ratio is 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.