Voss Capital LP Buys Shares of 17,210 Alexander's, Inc. $ALX

Key Points

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Voss Capital LP purchased a new stake in shares of Alexander's, Inc. (NYSE:ALX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 17,210 shares of the real estate investment trust's stock, valued at approximately $3,600,000. Voss Capital LP owned about 0.34% of Alexander's as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ALX. Lazard Asset Management LLC purchased a new stake in shares of Alexander's during the 4th quarter valued at about $28,000. Covestor Ltd increased its position in shares of Alexander's by 4,655.6% during the 1st 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 last quarter. Resona Asset Management Co. Ltd. increased its position in shares of Alexander's by 13.7% during the 1st 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 last quarter. Wells Fargo & Company MN increased its position in shares of Alexander's by 51.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,004 shares of the real estate investment trust's stock valued at $201,000 after purchasing an additional 342 shares during the last quarter. Finally, Algert Global LLC increased its position in shares of Alexander's by 24.4% during the 4th quarter. Algert Global LLC now owns 1,066 shares of the real estate investment trust's stock valued at $213,000 after purchasing an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 31.99% of the company's stock.

Alexander's Price Performance

NYSE ALX opened at $219.65 on Tuesday. Alexander's, Inc. has a 52 week low of $184.76 and a 52 week high of $260.84. The firm has a market capitalization of $1.12 billion, a P/E ratio of 30.17 and a beta of 0.85. The company has a quick ratio of 9.78, a current ratio of 9.78 and a debt-to-equity ratio of 6.79. The company has a 50-day moving average price of $233.13 and a 200-day moving average price of $218.04.

Alexander's (NYSE:ALX - Get Free Report) last released its quarterly 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 net margin of 17.14% and a return on equity of 22.12%. The business had revenue of $51.59 million for the quarter, compared to analysts' expectations of $51.90 million. Equities research analysts anticipate that Alexander's, Inc. will post 11.5 earnings per share for the current year.

Alexander's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 11th will be issued a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Monday, August 11th. Alexander's's dividend payout ratio is currently 247.25%.

Alexander's Profile

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.

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