Citadel Advisors LLC Invests $684,000 in Alexander's, Inc. (NYSE:ALX)

Citadel Advisors LLC purchased a new stake in shares of Alexander's, Inc. (NYSE:ALX - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 3,417 shares of the real estate investment trust's stock, valued at approximately $684,000. Citadel Advisors LLC owned about 0.07% of Alexander's at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ALX. AlphaQuest LLC acquired a new stake in Alexander's during the 4th quarter worth approximately $154,000. Resona Asset Management Co. Ltd. acquired a new position in shares of Alexander's during the 4th quarter valued at $163,000. Wells Fargo & Company MN lifted its position in shares of Alexander's by 51.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,004 shares of the real estate investment trust's stock valued at $201,000 after acquiring an additional 342 shares during the period. Algert Global LLC lifted its position in shares of Alexander's by 24.4% during 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. Finally, SG Americas Securities LLC lifted its position in shares of Alexander's by 29.1% during the 4th quarter. SG Americas Securities LLC now owns 1,148 shares of the real estate investment trust's stock valued at $230,000 after acquiring an additional 259 shares during the period. 31.99% of the stock is owned by institutional investors.

Alexander's Stock Down 0.0%

Shares of Alexander's stock traded down $0.10 during trading on Tuesday, reaching $228.80. 27,081 shares of the company traded hands, compared to its average volume of 14,657. The company has a debt-to-equity ratio of 5.59, a current ratio of 13.18 and a quick ratio of 13.18. Alexander's, Inc. has a 1-year low of $184.76 and a 1-year high of $251.63. The company has a 50 day moving average price of $209.58 and a 200-day moving average price of $207.03. The firm has a market capitalization of $1.17 billion, a PE ratio of 27.04 and a beta of 0.78.

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 EPS for the quarter, beating analysts' consensus estimates of $3.57 by $0.49. The business had revenue of $54.92 million during the quarter, compared to analyst estimates of $56.00 million. Alexander's had a net margin of 19.19% and a return on equity of 21.45%. As a group, equities research analysts expect that Alexander's, Inc. will post 11.5 earnings per share for the current fiscal year.

Alexander's Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Monday, May 12th. This represents a $18.00 annualized dividend and a yield of 7.87%. 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.