GAMMA Investing LLC Raises Stock Holdings in Alexander's, Inc. (NYSE:ALX)

GAMMA Investing LLC grew its stake in shares of Alexander's, Inc. (NYSE:ALX - Free Report) by 29,778.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,183 shares of the real estate investment trust's stock after purchasing 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 quarter.

A number of other hedge funds have also recently made changes to their positions in ALX. Geode Capital Management LLC grew its stake in Alexander's by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 57,932 shares of the real estate investment trust's stock worth $11,593,000 after purchasing an additional 687 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Alexander's by 5.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,810 shares of the real estate investment trust's stock worth $11,365,000 after purchasing an additional 2,861 shares in the last quarter. Denali Advisors LLC grew its stake in Alexander's by 9.3% in the fourth quarter. Denali Advisors LLC now owns 29,315 shares of the real estate investment trust's stock worth $5,865,000 after purchasing an additional 2,502 shares in the last quarter. Northern Trust Corp grew its stake in Alexander's by 12.4% in the fourth quarter. Northern Trust Corp now owns 22,424 shares of the real estate investment trust's stock worth $4,486,000 after purchasing an additional 2,466 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in Alexander's by 19.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 16,007 shares of the real estate investment trust's stock worth $3,202,000 after purchasing an additional 2,572 shares in the last quarter. 31.99% of the stock is currently owned by institutional investors.

Alexander's Stock Up 0.6%

NYSE ALX traded up $1.31 during midday trading on Wednesday, hitting $228.19. 115,859 shares of the company traded hands, compared to its average volume of 17,486. The company has a debt-to-equity ratio of 6.06, a current ratio of 11.19 and a quick ratio of 11.19. The company has a market cap of $1.17 billion, a PE ratio of 15.90 and a beta of 0.85. The company's 50-day simple moving average is $214.86 and its 200-day simple moving average is $207.68. Alexander's, Inc. has a 52 week low of $184.76 and a 52 week high of $251.63.

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 (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.49. The business had revenue of $54.92 million for 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, equities research analysts forecast that Alexander's, Inc. will post 11.5 earnings per share for the current year.

Alexander's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders 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 7.89%. Alexander's's dividend payout ratio (DPR) is presently 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.