GAMMA Investing LLC Purchases 4,169 Shares of Alexander's, Inc. (NYSE:ALX)

GAMMA Investing LLC grew its holdings in shares of Alexander's, Inc. (NYSE:ALX - Free Report) by 29,778.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,183 shares of the real estate investment trust's stock after buying an additional 4,169 shares during the quarter. GAMMA Investing LLC owned approximately 0.08% of Alexander's worth $875,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Millennium Management LLC grew its stake in shares of Alexander's by 277.0% in the fourth quarter. Millennium Management LLC now owns 7,348 shares of the real estate investment trust's stock valued at $1,470,000 after buying an additional 5,399 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Alexander's by 5.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,810 shares of the real estate investment trust's stock valued at $11,365,000 after acquiring an additional 2,861 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Alexander's during the 4th quarter worth about $28,000. Citadel Advisors LLC acquired a new position in shares of Alexander's during the 4th quarter worth about $684,000. Finally, Bank of America Corp DE raised its holdings in shares of Alexander's by 17.5% in the 4th quarter. Bank of America Corp DE now owns 4,822 shares of the real estate investment trust's stock valued at $965,000 after purchasing an additional 718 shares during the period. 31.99% of the stock is currently owned by institutional investors and hedge funds.

Alexander's Stock Performance

NYSE:ALX traded down $1.35 during mid-day trading on Friday, hitting $226.59. The stock had a trading volume of 24,339 shares, compared to its average volume of 17,516. Alexander's, Inc. has a twelve month low of $184.76 and a twelve month high of $251.63. The company has a debt-to-equity ratio of 6.06, a quick ratio of 11.19 and a current ratio of 11.19. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 29.39 and a beta of 0.85. The company's 50 day simple moving average is $215.96 and its 200 day simple moving average is $207.84.

Alexander's (NYSE:ALX - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $4.06 earnings per share for the quarter, topping analysts' consensus estimates of $3.57 by $0.49. Alexander's had a return on equity of 21.34% and a net margin of 18.03%. The company had revenue of $54.92 million for the quarter, compared to analyst estimates of $56.00 million. On average, equities research analysts forecast that Alexander's, Inc. will post 11.5 earnings per share for the current year.

Alexander's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 12th were paid a $4.50 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $18.00 dividend on an annualized basis and a yield of 7.94%. Alexander's's dividend payout ratio (DPR) 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.