Renaissance Technologies LLC Sells 4,000 Shares of Alexander’s, Inc. (NYSE:ALX)

Renaissance Technologies LLC reduced its holdings in shares of Alexander’s, Inc. (NYSE:ALX) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,126 shares of the real estate investment trust’s stock after selling 4,000 shares during the period. Renaissance Technologies LLC’s holdings in Alexander’s were worth $12,029,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Legal & General Group Plc grew its holdings in shares of Alexander’s by 18.2% during the 4th quarter. Legal & General Group Plc now owns 2,670 shares of the real estate investment trust’s stock valued at $534,000 after purchasing an additional 411 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Alexander’s by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,004 shares of the real estate investment trust’s stock valued at $201,000 after buying an additional 342 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of Alexander’s during the fourth quarter valued at about $163,000. May Hill Capital LLC purchased a new position in shares of Alexander’s in the fourth quarter worth about $1,049,000. Finally, Geode Capital Management LLC lifted its stake in shares of Alexander’s by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 57,932 shares of the real estate investment trust’s stock valued at $11,593,000 after acquiring an additional 687 shares during the last quarter. 31.99% of the stock is owned by hedge funds and other institutional investors.

Alexander’s Price Performance

Shares of Alexander’s stock opened at $203.56 on Wednesday. The company has a debt-to-equity ratio of 5.59, a current ratio of 13.18 and a quick ratio of 13.18. Alexander’s, Inc. has a one year low of $184.76 and a one year high of $251.63. The business’s 50 day simple moving average is $207.70 and its two-hundred day simple moving average is $211.06. The stock has a market capitalization of $1.04 billion, a P/E ratio of 24.06 and a beta of 0.82.

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

Alexander’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 8.84%. The ex-dividend date was Tuesday, February 18th. Alexander’s’s payout ratio is 212.77%.

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).