Raymond James Financial Inc. Acquires New Holdings in Alexander's, Inc. (NYSE:ALX)

Raymond James Financial Inc. bought a new stake in Alexander's, Inc. (NYSE:ALX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,556 shares of the real estate investment trust's stock, valued at approximately $311,000.

Other large investors have also added to or reduced their stakes in the company. State Street Corp raised its position in shares of Alexander's by 1.6% in the 3rd quarter. State Street Corp now owns 58,122 shares of the real estate investment trust's stock valued at $14,086,000 after purchasing an additional 927 shares in the last quarter. Denali Advisors LLC increased its stake in shares of Alexander's by 9.3% in the fourth quarter. Denali Advisors LLC now owns 29,315 shares of the real estate investment trust's stock worth $5,865,000 after buying an additional 2,502 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in Alexander's by 19.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 16,007 shares of the real estate investment trust's stock valued at $3,202,000 after acquiring an additional 2,572 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Alexander's by 6.2% during the 4th quarter. New York State Common Retirement Fund now owns 10,318 shares of the real estate investment trust's stock worth $2,064,000 after acquiring an additional 600 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Alexander's by 162.6% during the 3rd quarter. Jane Street Group LLC now owns 5,722 shares of the real estate investment trust's stock worth $1,387,000 after acquiring an additional 3,543 shares in the last quarter. 31.99% of the stock is owned by institutional investors and hedge funds.

Alexander's Stock Down 0.4 %

Shares of Alexander's stock traded down $0.81 during trading on Tuesday, reaching $201.43. The company had a trading volume of 592 shares, compared to its average volume of 12,887. The company has a debt-to-equity ratio of 5.59, a quick ratio of 13.18 and a current ratio of 13.18. Alexander's, Inc. has a fifty-two week low of $184.76 and a fifty-two week high of $251.63. The firm's fifty day moving average is $207.57 and its 200-day moving average is $211.11. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 23.81 and a beta of 0.82.

Alexander's (NYSE:ALX - Get Free Report) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $4.06 EPS for the quarter, topping the consensus estimate of $3.71 by $0.35. Alexander's had a return on equity of 21.45% and a net margin of 19.19%. On average, analysts anticipate that Alexander's, Inc. will post 11.5 EPS for the current year.

Alexander's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 8.94%. The ex-dividend date of this dividend was Tuesday, February 18th. Alexander's's dividend payout ratio (DPR) is presently 212.77%.

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.