Denali Advisors LLC Acquires 2,502 Shares of Alexander’s, Inc. (NYSE:ALX)

Denali Advisors LLC boosted its holdings in shares of Alexander’s, Inc. (NYSE:ALX) by 9.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,315 shares of the real estate investment trust’s stock after buying an additional 2,502 shares during the quarter. Denali Advisors LLC’s holdings in Alexander’s were worth $5,865,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. boosted its stake in shares of Alexander’s by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 52 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Alexander’s by 7.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,193 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 81 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in Alexander’s by 4.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 3,142 shares of the real estate investment trust’s stock worth $761,000 after purchasing an additional 144 shares during the last quarter. Rhumbline Advisers boosted its position in Alexander’s by 7.0% during the fourth quarter. Rhumbline Advisers now owns 3,555 shares of the real estate investment trust’s stock worth $711,000 after purchasing an additional 234 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Alexander’s by 29.1% during the fourth quarter. SG Americas Securities LLC now owns 1,148 shares of the real estate investment trust’s stock valued at $230,000 after purchasing an additional 259 shares during the last quarter. 31.99% of the stock is currently owned by institutional investors.

Alexander’s Trading Up 2.2 %

NYSE:ALX opened at $208.94 on Wednesday. The company has a quick ratio of 13.18, a current ratio of 13.18 and a debt-to-equity ratio of 5.59. The company’s 50 day moving average is $196.34 and its 200-day moving average is $216.67. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 24.70 and a beta of 0.84. Alexander’s, Inc. has a 12 month low of $184.76 and a 12 month high of $251.63.

Alexander’s (NYSE:ALX) last released its earnings results on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.35. Alexander’s had a net margin of 19.19% and a return on equity of 21.45%. Equities analysts anticipate that Alexander’s, Inc. will post 11.5 EPS for the current year.

Alexander’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a dividend of $4.50 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $18.00 annualized dividend and a yield of 8.62%. Alexander’s’s payout ratio is 212.77%.

About Alexander’s

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).