Vanguard Group Inc. Sells 2,393 Shares of Alexander's, Inc. $ALX

Key Points

• Vanguard Group Inc. reduced its stake in Alexander's, Inc. by 0.8%, now holding 311,442 shares valued at approximately $65.14 million.
• Alexander's, Inc. reported $2.88 earnings per share, missing analysts' expectations, with a net margin of 17.14% and a revenue of $51.59 million.
• The company declared a quarterly dividend of $4.50 per share, with a yield of 7.8%, to be paid to investors of record on August 11th.

Vanguard Group Inc. decreased its position in Alexander's, Inc. (NYSE:ALX - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 311,442 shares of the real estate investment trust's stock after selling 2,393 shares during the quarter. Vanguard Group Inc. owned 6.10% of Alexander's worth $65,141,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new position in Alexander's in the fourth quarter valued at about $28,000. Wells Fargo & Company MN raised its stake in shares of Alexander's by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 1,004 shares of the real estate investment trust's stock valued at $201,000 after acquiring an additional 342 shares during the last quarter. Algert Global LLC boosted its holdings in shares of Alexander's by 24.4% in the 4th 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. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Alexander's by 23.2% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,379 shares of the real estate investment trust's stock worth $276,000 after acquiring an additional 260 shares in the last quarter. Finally, Cerity Partners LLC bought a new stake in Alexander's during the 1st quarter worth approximately $293,000. 31.99% of the stock is owned by institutional investors.

Alexander's Price Performance

ALX stock traded down $2.86 during midday trading on Thursday, reaching $232.22. 29,765 shares of the company's stock traded hands, compared to its average volume of 33,252. The company has a 50-day simple moving average of $233.10 and a two-hundred day simple moving average of $219.33. 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, Inc. has a 1-year low of $184.76 and a 1-year high of $260.84. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 31.90 and a beta of 0.85.

Alexander's (NYSE:ALX - Get Free Report) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $2.88 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $51.90 million. On average, analysts anticipate that Alexander's, Inc. will post 11.5 earnings per share for the current year.

Alexander's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 11th will be issued a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $18.00 dividend on an annualized basis and a yield of 7.8%. 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.