Alexander's, Inc. (NYSE:ALX) Shares Sold by Taconic Capital Advisors LP

Taconic Capital Advisors LP lessened its position in Alexander's, Inc. (NYSE:ALX - Free Report) by 47.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,986 shares of the real estate investment trust's stock after selling 16,514 shares during the period. Alexander's makes up about 1.3% of Taconic Capital Advisors LP's investment portfolio, making the stock its 8th biggest holding. Taconic Capital Advisors LP owned about 0.35% of Alexander's worth $3,598,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ALX. Lazard Asset Management LLC bought a new stake in Alexander's in the fourth quarter valued at approximately $28,000. AlphaQuest LLC bought a new stake in shares of Alexander's during the fourth quarter worth $154,000. Resona Asset Management Co. Ltd. bought a new stake in shares of Alexander's during the fourth quarter worth $163,000. Wells Fargo & Company MN increased its position in shares of 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 worth $201,000 after acquiring an additional 342 shares in the last quarter. 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 worth $213,000 after acquiring an additional 209 shares in the last quarter. Institutional investors own 31.99% of the company's stock.

Alexander's Stock Down 1.0%

Shares of ALX stock traded down $2.24 during trading hours on Friday, hitting $213.80. 29,664 shares of the company were exchanged, compared to its average volume of 13,987. The business has a 50 day moving average of $208.63 and a two-hundred day moving average of $207.40. The company has a current ratio of 13.18, a quick ratio of 13.18 and a debt-to-equity ratio of 5.59. Alexander's, Inc. has a 52 week low of $184.76 and a 52 week high of $251.63. The company has a market capitalization of $1.09 billion, a PE ratio of 25.27 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 the consensus estimate of $3.57 by $0.49. Alexander's had a net margin of 19.19% and a return on equity of 21.45%. The company had revenue of $54.92 million during the quarter, compared to the consensus estimate of $56.00 million. Analysts anticipate that Alexander's, Inc. will post 11.5 earnings per share for the current fiscal year.

Alexander's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 12th will be given a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 8.42%. The ex-dividend date of this dividend is Monday, May 12th. Alexander's's dividend payout ratio 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.