MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Holdings in Alexander's, Inc. $ALX

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Alexander's, Inc. by 17.1%, owning approximately 1.30% of the company worth $13.9 million as of the end of the most recent reporting period.
• A recent quarterly earnings report showed Alexander's, Inc. missed expectations with an EPS of $2.88, below the consensus estimate of $3.08, while the company reported a revenue of $51.59 million.
• The company announced a quarterly dividend of $4.50 per share, which equates to an annualized dividend of $18.00 and a yield of 7.7%, despite a high dividend payout ratio of 247.25%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Alexander's, Inc. (NYSE:ALX - Free Report) by 17.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,499 shares of the real estate investment trust's stock after acquiring an additional 9,689 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.30% of Alexander's worth $13,909,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new position in shares of Alexander's in the 4th quarter valued at $28,000. Covestor Ltd raised its holdings in Alexander's by 4,655.6% in the 1st quarter. Covestor Ltd now owns 428 shares of the real estate investment trust's stock valued at $89,000 after buying an additional 419 shares during the period. Resona Asset Management Co. Ltd. lifted its position in Alexander's by 13.7% in the first quarter. Resona Asset Management Co. Ltd. now owns 937 shares of the real estate investment trust's stock valued at $198,000 after buying an additional 113 shares during the last quarter. Jump Financial LLC purchased a new position in Alexander's during the first quarter worth about $208,000. Finally, Algert Global LLC increased its position in shares of Alexander's by 24.4% during the fourth quarter. Algert Global LLC now owns 1,066 shares of the real estate investment trust's stock valued at $213,000 after acquiring an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 31.99% of the company's stock.

Alexander's Trading Down 0.3%

Shares of Alexander's stock traded down $0.62 on Friday, reaching $244.66. The company had a trading volume of 56,444 shares, compared to its average volume of 39,339. The firm's 50 day moving average price is $234.87 and its two-hundred day moving average price is $221.94. The company has a debt-to-equity ratio of 6.79, a quick ratio of 9.78 and a current ratio of 9.78. Alexander's, Inc. has a 52-week low of $184.76 and a 52-week high of $260.84. The firm has a market cap of $1.25 billion, a PE ratio of 33.61 and a beta of 0.86.

Alexander's (NYSE:ALX - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.88 earnings per share for the quarter, missing analysts' consensus estimates of $3.08 by ($0.20). Alexander's had a return on equity of 22.12% and a net margin of 17.14%.The company had revenue of $51.59 million for the quarter, compared to analysts' expectations of $51.90 million. Sell-side analysts predict that Alexander's, Inc. will post 11.5 earnings per share for the current fiscal year.

Alexander's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 11th were paid a $4.50 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 7.4%. Alexander's's payout ratio is presently 247.25%.

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.