SG Americas Securities LLC Has $2.39 Million Position in Alexander's, Inc. $ALX

Key Points

• SG Americas Securities LLC boosted its stake in Alexander's by 962.3% in Q4, acquiring 9,921 shares to hold 10,952 shares worth $2.39 million (about 0.21% of the company).
• Alexander's paid a quarterly dividend of $4.50 (an $18.00 annualized payout) for a 7.8% yield327.87%.
• The stock trades near $230.56 with a market cap of $1.18 billion and a PE of 42.0, a 1‑year range of $189.05–$260.84, and roughly 32% ownership by institutional investors.

SG Americas Securities LLC grew its stake in Alexander's, Inc. (NYSE:ALX - Free Report) by 962.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,952 shares of the real estate investment trust's stock after acquiring an additional 9,921 shares during the quarter. SG Americas Securities LLC owned 0.21% of Alexander's worth $2,387,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Creative Planning grew its holdings in Alexander's by 4.9% during the third quarter. Creative Planning now owns 1,260 shares of the real estate investment trust's stock valued at $296,000 after purchasing an additional 59 shares during the period. Daiwa Securities Group Inc. raised its holdings in Alexander's by 9.9% in the second quarter. Daiwa Securities Group Inc. now owns 766 shares of the real estate investment trust's stock worth $173,000 after purchasing an additional 69 shares during the period. Rhumbline Advisers boosted its position in shares of Alexander's by 2.6% during the second quarter. Rhumbline Advisers now owns 3,784 shares of the real estate investment trust's stock worth $853,000 after purchasing an additional 96 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Alexander's by 89.1% during the second quarter. Tower Research Capital LLC TRC now owns 208 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 98 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Alexander's by 625.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 116 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 100 shares during the period. 31.99% of the stock is currently owned by institutional investors and hedge funds.

Alexander's Price Performance

ALX stock opened at $230.56 on Friday. The stock has a 50-day moving average price of $239.17 and a two-hundred day moving average price of $230.53. Alexander's, Inc. has a 1 year low of $189.05 and a 1 year high of $260.84. The stock has a market cap of $1.18 billion, a PE ratio of 42.00 and a beta of 0.79. The company has a current ratio of 8.36, a quick ratio of 8.36 and a debt-to-equity ratio of 7.60.

Alexander's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were paid a $4.50 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $18.00 annualized dividend and a yield of 7.8%. Alexander's's payout ratio is presently 327.87%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ALX. Zacks Research downgraded Alexander's from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 3rd. Weiss Ratings reissued a "hold (c)" rating on shares of Alexander's in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Alexander's has an average rating of "Hold".

Alexander's Profile

Alexander's NYSE: ALX is a publicly traded real estate investment trust focused on owning, leasing and managing commercial properties in the New York metropolitan area. The company's portfolio encompasses office buildings, retail storefronts and parking facilities, all held on a wholly owned basis. By concentrating on prime urban and suburban locations, Alexander's seeks to generate stable rental income and long-term asset appreciation.

Founded in 1928 as a family-run department store chain, Alexander's transitioned during the early 1990s into a pure-play real estate company following the sale of its retail operations.

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