Alexander's, Inc. (NYSE:ALX) Shares Acquired by Millennium Management LLC

Millennium Management LLC raised its position in shares of Alexander's, Inc. (NYSE:ALX - Free Report) by 277.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,348 shares of the real estate investment trust's stock after acquiring an additional 5,399 shares during the quarter. Millennium Management LLC owned approximately 0.14% of Alexander's worth $1,470,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ALX. Norges Bank purchased a new position in shares of Alexander's in the fourth quarter worth about $1,299,000. May Hill Capital LLC acquired a new stake in Alexander's in the 4th quarter valued at about $1,049,000. Tudor Investment Corp ET AL lifted its stake in Alexander's by 106.3% in the 4th quarter. Tudor Investment Corp ET AL now owns 8,468 shares of the real estate investment trust's stock worth $1,694,000 after purchasing an additional 4,364 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Alexander's in the fourth quarter valued at approximately $684,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Alexander's by 5.3% during 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 buying an additional 2,861 shares in the last quarter. Hedge funds and other institutional investors own 31.99% of the company's stock.

Alexander's Trading Up 0.8%

Shares of ALX stock traded up $1.89 on Friday, hitting $228.68. 25,596 shares of the stock traded hands, compared to its average volume of 15,031. The firm's 50-day moving average price is $210.67 and its two-hundred day moving average price is $207.40. 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 5.59, a quick ratio of 13.18 and a current ratio of 13.18. The stock has a market capitalization of $1.17 billion, a PE ratio of 27.03 and a beta of 0.78.

Alexander's (NYSE:ALX - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $4.06 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $54.92 million during the quarter, compared to the consensus estimate of $56.00 million. As a group, analysts anticipate that Alexander's, Inc. will post 11.5 EPS for the current year.

Alexander's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 12th were issued a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 7.87%. The ex-dividend date was Monday, May 12th. Alexander's's payout ratio 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.