Jane Street Group LLC Reduces Stake in Alexander's, Inc. (NYSE:ALX)

Jane Street Group LLC cut its stake in shares of Alexander's, Inc. (NYSE:ALX - Free Report) by 41.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,368 shares of the real estate investment trust's stock after selling 2,354 shares during the period. Jane Street Group LLC owned about 0.07% of Alexander's worth $674,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AlphaQuest LLC purchased a new position in Alexander's during the fourth quarter valued at $154,000. Resona Asset Management Co. Ltd. bought a new stake in Alexander's during the fourth quarter valued at about $163,000. Wells Fargo & Company MN raised its holdings in Alexander's by 51.7% during the fourth 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. SG Americas Securities LLC raised its holdings in Alexander's by 29.1% during the fourth 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. Finally, Principal Financial Group Inc. raised its holdings in Alexander's by 7.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,193 shares of the real estate investment trust's stock valued at $239,000 after acquiring an additional 81 shares during the period. 31.99% of the stock is currently owned by hedge funds and other institutional investors.

Alexander's Price Performance

NYSE:ALX traded up $0.68 on Friday, reaching $224.99. 59,023 shares of the company's stock traded hands, compared to its average volume of 14,473. The company has a quick ratio of 13.18, a current ratio of 13.18 and a debt-to-equity ratio of 5.59. The stock has a 50-day simple moving average of $209.23 and a 200-day simple moving average of $207.02. The firm has a market cap of $1.15 billion, a PE ratio of 26.59 and a beta of 0.78. Alexander's, Inc. has a 12 month low of $184.76 and a 12 month high of $251.63.

Alexander's (NYSE:ALX - Get Free Report) last posted 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. Alexander's had a return on equity of 21.45% and a net margin of 19.19%. The business had revenue of $54.92 million for the quarter, compared to analysts' expectations of $56.00 million. 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 announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 12th were issued a $4.50 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $18.00 annualized dividend and a dividend yield of 8.00%. Alexander's's dividend payout ratio (DPR) is 233.16%.

About Alexander's

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.