Alexander’s (NYSE:ALX) Price Target Lowered to $135.00 at Piper Sandler

Alexander’s (NYSE:ALX) had its price target decreased by Piper Sandler from $145.00 to $135.00 in a report published on Monday, Benzinga reports. Piper Sandler currently has an underweight rating on the real estate investment trust’s stock.

Separately, StockNews.com upgraded shares of Alexander’s from a hold rating to a buy rating in a research note on Friday, July 12th.

Alexander’s Trading Down 0.2 %

Shares of ALX stock opened at $237.16 on Monday. The company has a 50 day moving average of $219.98 and a 200-day moving average of $218.44. The company has a quick ratio of 14.35, a current ratio of 14.35 and a debt-to-equity ratio of 4.75. Alexander’s has a 12-month low of $162.50 and a 12-month high of $244.51. The firm has a market cap of $1.24 billion, a P/E ratio of 11.34 and a beta of 0.81.

Alexander’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 13th were paid a $4.50 dividend. The ex-dividend date was Friday, May 10th. This represents a $18.00 dividend on an annualized basis and a yield of 7.59%. Alexander’s’s dividend payout ratio is 86.04%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ALX. Vanguard Group Inc. grew its position in shares of Alexander’s by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 326,963 shares of the real estate investment trust’s stock valued at $59,582,000 after purchasing an additional 10,513 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Alexander’s during the 4th quarter valued at $115,000. Denali Advisors LLC grew its position in shares of Alexander’s by 11.3% during the 4th quarter. Denali Advisors LLC now owns 10,800 shares of the real estate investment trust’s stock valued at $2,307,000 after purchasing an additional 1,100 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of Alexander’s by 8.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 3,331 shares of the real estate investment trust’s stock valued at $726,000 after purchasing an additional 250 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Alexander’s by 21.7% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,525 shares of the real estate investment trust’s stock valued at $539,000 after purchasing an additional 450 shares in the last quarter. 31.99% of the stock is currently owned by hedge funds and other institutional investors.

About Alexander’s

Alexander's, Inc is a real estate investment trust which has five properties in New York City.