Alexander’s, Inc. (NYSE:ALX) Holdings Raised by Inspire Investing LLC

Inspire Investing LLC increased its stake in Alexander’s, Inc. (NYSE:ALX) by 21.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,032 shares of the real estate investment trust’s stock after purchasing an additional 353 shares during the quarter. Inspire Investing LLC’s holdings in Alexander’s were worth $407,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ballentine Partners LLC acquired a new stake in shares of Alexander’s in the 3rd quarter worth approximately $205,000. SG Americas Securities LLC acquired a new stake in Alexander’s in the third quarter worth approximately $215,000. Franklin Resources Inc. lifted its position in Alexander’s by 5.6% in the third 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 period. Principal Financial Group Inc. boosted its stake in Alexander’s by 11.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust’s stock valued at $270,000 after purchasing an additional 115 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Alexander’s by 7.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,290 shares of the real estate investment trust’s stock valued at $290,000 after purchasing an additional 86 shares during the period. Institutional investors own 31.99% of the company’s stock.

Alexander’s Trading Down 0.4 %

Shares of Alexander’s stock opened at $191.97 on Friday. The business has a fifty day simple moving average of $205.48 and a 200-day simple moving average of $221.88. Alexander’s, Inc. has a fifty-two week low of $184.76 and a fifty-two week high of $251.63. The firm has a market cap of $980.41 million, a price-to-earnings ratio of 20.78 and a beta of 0.84. The company has a quick ratio of 10.21, a current ratio of 10.21 and a debt-to-equity ratio of 5.18.

Alexander’s (NYSE:ALX) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($1.27). The business had revenue of $55.68 million during the quarter, compared to analyst estimates of $53.50 million. Alexander’s had a net margin of 20.33% and a return on equity of 21.79%. During the same period in the previous year, the company posted $3.63 earnings per share. On average, equities analysts forecast that Alexander’s, Inc. will post 14.84 EPS for the current fiscal year.

Alexander’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 11th were issued a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a yield of 9.38%. The ex-dividend date was Friday, November 8th. Alexander’s’s payout ratio is 194.81%.

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).