XTX Topco Ltd Makes New $324,000 Investment in Alexander's, Inc. (NYSE:ALX)

Key Points

• XTX Topco Ltd acquired a new stake in Alexander's, Inc. by purchasing 1,547 shares valued at approximately $324,000 during the first quarter.
• Alexander's recently reported an earnings miss, with $2.88 earnings per share, falling short of the consensus estimate of $3.08.
• The company announced a quarterly dividend of $4.50 per share, yielding 8.0%, with a payout ratio of 247.25%.

XTX Topco Ltd purchased a new position in shares of Alexander's, Inc. (NYSE:ALX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,547 shares of the real estate investment trust's stock, valued at approximately $324,000.

A number of other large investors also recently made changes to their positions in the business. Lazard Asset Management LLC acquired a new stake in Alexander's in the 4th quarter valued at $28,000. Resona Asset Management Co. Ltd. purchased a new position in Alexander's in the 4th quarter valued at about $163,000. Wells Fargo & Company MN lifted 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 purchasing an additional 342 shares during the last quarter. Algert Global LLC lifted 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 purchasing an additional 209 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Alexander's by 23.2% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,379 shares of the real estate investment trust's stock worth $276,000 after purchasing an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 31.99% of the company's stock.

Alexander's Trading Down 1.0%

Alexander's stock traded down $2.34 during midday trading on Thursday, reaching $224.21. The stock had a trading volume of 49,333 shares, compared to its average volume of 33,104. The firm's fifty day simple moving average is $233.66 and its two-hundred day simple moving average is $217.06. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 30.80 and a beta of 0.85. Alexander's, Inc. has a twelve month low of $184.76 and a twelve month high of $260.84. The company has a debt-to-equity ratio of 6.79, a current ratio of 9.78 and a quick ratio of 9.78.

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 earnings per share for the quarter, missing analysts' consensus estimates of $3.08 by ($0.20). The business had revenue of $51.59 million for the quarter, compared to the consensus estimate of $51.90 million. Alexander's had a net margin of 17.14% and a return on equity of 22.12%. Equities analysts anticipate that Alexander's, Inc. will post 11.5 EPS for the current fiscal year.

Alexander's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 11th will be given a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 8.0%. The ex-dividend date is Monday, August 11th. Alexander's's dividend payout ratio (DPR) 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.