Renaissance Technologies LLC Sells 4,000 Shares of Alexander's, Inc. (NYSE:ALX)

Renaissance Technologies LLC trimmed its holdings in shares of Alexander's, Inc. (NYSE:ALX - Free Report) by 6.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,126 shares of the real estate investment trust's stock after selling 4,000 shares during the period. Renaissance Technologies LLC owned 1.18% of Alexander's worth $12,029,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. AlphaQuest LLC bought a new position in shares of Alexander's in the fourth quarter valued at about $154,000. Resona Asset Management Co. Ltd. acquired a new position in shares of Alexander's during the fourth quarter worth approximately $163,000. Wells Fargo & Company MN grew its stake 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 valued at $201,000 after purchasing an additional 342 shares during the last quarter. Franklin Resources Inc. raised its position in Alexander's by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust's stock worth $225,000 after purchasing an additional 52 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Alexander's by 29.1% during the 4th quarter. SG Americas Securities LLC now owns 1,148 shares of the real estate investment trust's stock worth $230,000 after buying an additional 259 shares in the last quarter. Institutional investors own 31.99% of the company's stock.

Alexander's Trading Up 0.4 %

Shares of ALX traded up $0.71 on Monday, reaching $202.56. 347 shares of the company's stock were exchanged, compared to its average volume of 12,986. 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 $1.03 billion, a P/E ratio of 23.94 and a beta of 0.82. The company has a current ratio of 13.18, a quick ratio of 13.18 and a debt-to-equity ratio of 5.59. The business has a 50 day moving average price of $207.98 and a two-hundred day moving average price of $210.11.

Alexander's (NYSE:ALX - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share (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%. Research analysts anticipate that Alexander's, Inc. will post 11.5 earnings per share for the current year.

Alexander's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a $4.50 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 8.89%. Alexander's's dividend payout ratio is 212.77%.

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.