Granite Investment Advisors LLC raised its position in shares of Alexander’s, Inc. (NYSE:ALX) by 37.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,410 shares of the real estate investment trust’s stock after buying an additional 2,010 shares during the period. Granite Investment Advisors LLC owned approximately 0.15% of Alexander’s worth $3,212,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the stock. Schwab Charles Investment Management Inc. increased its stake in shares of Alexander’s by 2.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 18,683 shares of the real estate investment trust’s stock worth $7,875,000 after buying an additional 476 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Alexander’s by 8.8% in the second quarter. Bessemer Group Inc. now owns 3,708 shares of the real estate investment trust’s stock worth $1,563,000 after buying an additional 300 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Alexander’s by 77.0% in the second quarter. Russell Investments Group Ltd. now owns 1,377 shares of the real estate investment trust’s stock worth $580,000 after buying an additional 599 shares during the last quarter. 35.79% of the stock is owned by institutional investors.
Shares of Alexander’s, Inc. (NYSE ALX) opened at 415.05 on Friday. Alexander’s, Inc. has a one year low of $369.33 and a one year high of $451.99. The firm has a 50-day moving average of $425.14 and a 200-day moving average of $425.27. The firm has a market capitalization of $2.12 billion, a P/E ratio of 24.97 and a beta of 0.66.
Alexander’s (NYSE:ALX) last issued its earnings results on Monday, July 31st. The real estate investment trust reported $5.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.71 by $0.11. The company had revenue of $57.19 million for the quarter. Alexander’s had a return on equity of 24.22% and a net margin of 37.16%. On average, equities analysts predict that Alexander’s, Inc. will post $23.23 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be given a dividend of $4.25 per share. This represents a $17.00 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Thursday, August 3rd. Alexander’s’s dividend payout ratio is currently 102.29%.
Separately, BidaskClub raised shares of Alexander’s from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th.
Alexander’s, Inc is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. It is managed by, and its properties are leased and developed by, Vornado Realty Trust (Vornado). As of December 31, 2016, the Company had seven properties in the greater New York City metropolitan area consisting of 731 Lexington Avenue; Rego Park I; Rego Park II; The Alexander apartment tower; Paramus, and Flushing.
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