MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Position 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. grew its stake in Alexander's, Inc. (NYSE:ALX - Free Report) by 17.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,499 shares of the real estate investment trust's stock after purchasing an additional 9,689 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.30% of Alexander's worth $13,909,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ALX. Lazard Asset Management LLC acquired a new position in shares of Alexander's in the fourth quarter valued at approximately $28,000. Covestor Ltd increased its holdings in shares of Alexander's by 4,655.6% in the first quarter. Covestor Ltd now owns 428 shares of the real estate investment trust's stock valued at $89,000 after purchasing an additional 419 shares during the period. Resona Asset Management Co. Ltd. increased its holdings in shares of 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 purchasing an additional 113 shares during the period. Jump Financial LLC acquired a new position in Alexander's during the first quarter worth $208,000. Finally, Algert Global LLC grew its holdings in 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 worth $213,000 after acquiring an additional 209 shares during the period. Institutional investors and hedge funds own 31.99% of the company's stock.

Alexander's Price Performance

ALX stock traded down $0.62 on Friday, reaching $244.66. 56,444 shares of the company's stock were exchanged, compared to its average volume of 39,884. The stock has a fifty day moving average of $234.87 and a 200-day moving average of $222.04. Alexander's, Inc. has a twelve month low of $184.76 and a twelve month 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. The company has a quick ratio of 9.78, a current ratio of 9.78 and a debt-to-equity ratio of 6.79.

Alexander's (NYSE:ALX - Get Free Report) last announced 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 business had revenue of $51.59 million for the quarter, compared to analyst estimates of $51.90 million. As a group, equities analysts predict that Alexander's, Inc. will post 11.5 EPS for the current fiscal year.

Alexander's Announces Dividend

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