MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 2,861 Shares of Alexander's, Inc. (NYSE:ALX)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Alexander's, Inc. (NYSE:ALX - Free Report) by 5.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,810 shares of the real estate investment trust's stock after purchasing an additional 2,861 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.11% of Alexander's worth $11,365,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new stake in Alexander's in the fourth quarter valued at approximately $28,000. AlphaQuest LLC acquired a new stake in Alexander's during the fourth quarter worth approximately $154,000. Resona Asset Management Co. Ltd. acquired a new stake in Alexander's during the fourth quarter worth approximately $163,000. Wells Fargo & Company MN boosted its holdings in shares of Alexander's by 51.7% in 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 in the last quarter. Finally, 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 valued at $213,000 after purchasing an additional 209 shares in the last quarter. 31.99% of the stock is owned by institutional investors and hedge funds.

Alexander's Price Performance

Shares of ALX traded down $1.64 during trading hours on Thursday, reaching $216.53. The stock had a trading volume of 6,004 shares, compared to its average volume of 13,864. Alexander's, Inc. has a 12 month low of $184.76 and a 12 month high of $251.63. The stock has a market capitalization of $1.11 billion, a PE ratio of 25.59 and a beta of 0.78. The company has a debt-to-equity ratio of 5.59, a quick ratio of 13.18 and a current ratio of 13.18. The company's 50-day moving average is $208.56 and its two-hundred day moving average is $207.55.

Alexander's (NYSE:ALX - Get Free Report) last announced its earnings results 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 return on equity of 21.45% and a net margin of 19.19%. The business had revenue of $54.92 million during the quarter, compared to analyst estimates of $56.00 million. Research analysts expect that Alexander's, Inc. will post 11.5 EPS for the current year.

Alexander's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 12th will be paid a dividend of $4.50 per share. The ex-dividend date is Monday, May 12th. This represents a $18.00 dividend on an annualized basis and a yield of 8.31%. Alexander's's dividend payout ratio (DPR) is currently 233.16%.

Alexander's Company 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.