SG Americas Securities LLC Makes New Investment in Alexander’s, Inc. (NYSE:ALX)

SG Americas Securities LLC bought a new position in shares of Alexander’s, Inc. (NYSE:ALX) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 889 shares of the real estate investment trust’s stock, valued at approximately $215,000.

Several other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of Alexander’s by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 34,745 shares of the real estate investment trust’s stock worth $7,812,000 after buying an additional 413 shares in the last quarter. Denali Advisors LLC raised its holdings in shares of Alexander’s by 51.2% in the 2nd quarter. Denali Advisors LLC now owns 19,500 shares of the real estate investment trust’s stock worth $4,385,000 after purchasing an additional 6,600 shares during the period. GraniteShares Advisors LLC raised its holdings in shares of Alexander’s by 14.3% in the 2nd quarter. GraniteShares Advisors LLC now owns 8,768 shares of the real estate investment trust’s stock worth $1,972,000 after purchasing an additional 1,096 shares during the period. Rhumbline Advisers raised its holdings in shares of Alexander’s by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 3,478 shares of the real estate investment trust’s stock worth $782,000 after purchasing an additional 87 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Alexander’s by 5.5% in the 1st quarter. BNP Paribas Financial Markets now owns 3,466 shares of the real estate investment trust’s stock worth $753,000 after purchasing an additional 181 shares during the period. Institutional investors own 31.99% of the company’s stock.

Alexander’s Trading Up 0.0 %

NYSE:ALX opened at $229.05 on Wednesday. The firm’s 50 day moving average is $232.75 and its 200 day moving average is $224.44. The company has a current ratio of 12.66, a quick ratio of 12.66 and a debt-to-equity ratio of 5.09. Alexander’s, Inc. has a 12 month low of $176.22 and a 12 month high of $251.63. The stock has a market capitalization of $1.17 billion, a PE ratio of 10.95 and a beta of 0.82.

Alexander’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 12th were issued a dividend of $4.50 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $18.00 dividend on an annualized basis and a yield of 7.86%. Alexander’s’s payout ratio is 86.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. StockNews.com cut shares of Alexander’s from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Piper Sandler lowered their price target on shares of Alexander’s from $135.00 to $125.00 and set an “underweight” rating on the stock in a report on Tuesday, August 6th.

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).