Citadel Advisors LLC Makes New Investment in Alexander's, Inc. (NYSE:ALX)

Citadel Advisors LLC purchased a new position in shares of Alexander's, Inc. (NYSE:ALX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,417 shares of the real estate investment trust's stock, valued at approximately $684,000. Citadel Advisors LLC owned 0.07% of Alexander's as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of Alexander's by 17.5% in the fourth quarter. Bank of America Corp DE now owns 4,822 shares of the real estate investment trust's stock worth $965,000 after acquiring an additional 718 shares during the period. BNP Paribas Financial Markets raised its holdings in Alexander's by 75.7% during the 4th quarter. BNP Paribas Financial Markets now owns 3,090 shares of the real estate investment trust's stock worth $618,000 after purchasing an additional 1,331 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Alexander's by 5.2% in the 4th quarter. Ameriprise Financial Inc. now owns 5,697 shares of the real estate investment trust's stock worth $1,140,000 after purchasing an additional 281 shares during the period. Algert Global LLC boosted its stake 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 purchasing an additional 209 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Alexander's by 12.4% during the fourth quarter. Northern Trust Corp now owns 22,424 shares of the real estate investment trust's stock worth $4,486,000 after buying an additional 2,466 shares during the period. Institutional investors own 31.99% of the company's stock.

Alexander's Trading Down 0.2%

NYSE ALX traded down $0.44 during mid-day trading on Wednesday, reaching $229.68. 39,537 shares of the stock were exchanged, compared to its average volume of 14,882. The company has a debt-to-equity ratio of 5.59, a current ratio of 13.18 and a quick ratio of 13.18. The stock has a market cap of $1.17 billion, a P/E ratio of 27.15 and a beta of 0.78. The stock has a 50 day simple moving average of $210.32 and a 200-day simple moving average of $207.34. Alexander's, Inc. has a one year low of $184.76 and a one year high of $251.63.

Alexander's (NYSE:ALX - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.49. Alexander's had a return on equity of 21.45% and a net margin of 19.19%. The firm had revenue of $54.92 million during the quarter, compared to analyst estimates of $56.00 million. On average, analysts anticipate that Alexander's, Inc. will post 11.5 EPS for the current year.

Alexander's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 12th were paid a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 7.84%. The ex-dividend date was Monday, May 12th. Alexander's's dividend payout ratio (DPR) is presently 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.