Voss Capital LP Acquires New Shares in Alexander's, Inc. $ALX

Key Points

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Voss Capital LP bought a new position in shares of Alexander's, Inc. (NYSE:ALX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 17,210 shares of the real estate investment trust's stock, valued at approximately $3,600,000. Voss Capital LP owned approximately 0.34% of Alexander's as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ALX. Nuveen LLC bought a new position in shares of Alexander's during the 1st quarter worth approximately $62,118,000. Beverly Hills Private Wealth LLC purchased a new stake in shares of Alexander's during the 1st quarter worth approximately $1,387,000. Millennium Management LLC increased its stake in shares of Alexander's by 277.0% during the 4th quarter. Millennium Management LLC now owns 7,348 shares of the real estate investment trust's stock worth $1,470,000 after purchasing an additional 5,399 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Alexander's during the 1st quarter worth approximately $1,094,000. Finally, Wakefield Asset Management LLLP purchased a new stake in shares of Alexander's during the 1st quarter worth approximately $1,090,000. Institutional investors own 31.99% of the company's stock.

Alexander's Stock Performance

Shares of ALX stock traded up $7.7570 during trading hours on Friday, hitting $229.9970. 26,774 shares of the company were exchanged, compared to its average volume of 52,193. The firm has a fifty day simple moving average of $232.82 and a 200 day simple moving average of $218.91. The company has a current ratio of 9.78, a quick ratio of 9.78 and a debt-to-equity ratio of 6.79. Alexander's, Inc. has a 52-week low of $184.76 and a 52-week high of $260.84. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 31.59 and a beta of 0.85.

Alexander's (NYSE:ALX - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $2.88 earnings per share (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 company had revenue of $51.59 million for the quarter, compared to analysts' expectations of $51.90 million. Research analysts predict that Alexander's, Inc. will post 11.5 earnings per share for the current fiscal year.

Alexander's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 11th will be paid a dividend of $4.50 per share. The ex-dividend date is Monday, August 11th. This represents a $18.00 annualized dividend and a dividend yield of 7.8%. Alexander's's dividend payout ratio (DPR) 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.