Alexander’s, Inc. $ALX Shares Bought by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. grew its position in shares of Alexander’s, Inc. (NYSE:ALX) by 177.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 200 shares of the real estate investment trust’s stock after purchasing an additional 128 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Alexander’s were worth $45,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Signaturefd LLC increased its position in shares of Alexander’s by 37.1% during the 2nd quarter. Signaturefd LLC now owns 270 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 73 shares during the period. Inspire Investing LLC boosted its stake in shares of Alexander’s by 5.2% during the 2nd quarter. Inspire Investing LLC now owns 1,733 shares of the real estate investment trust’s stock worth $390,000 after acquiring an additional 85 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its stake in shares of Alexander’s by 13.7% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 937 shares of the real estate investment trust’s stock worth $198,000 after acquiring an additional 113 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Alexander’s by 3.7% during the 1st quarter. Rhumbline Advisers now owns 3,688 shares of the real estate investment trust’s stock worth $771,000 after acquiring an additional 133 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Alexander’s by 275.0% during the 2nd quarter. CWM LLC now owns 450 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 330 shares in the last quarter. 31.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALX has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Alexander’s in a research note on Friday. Zacks Research raised Alexander’s from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Alexander’s Stock Performance

Shares of Alexander’s stock opened at $234.39 on Monday. The stock has a market cap of $1.20 billion, a PE ratio of 32.20 and a beta of 0.86. The business has a fifty day simple moving average of $233.90 and a 200-day simple moving average of $227.33. The company has a quick ratio of 9.78, a current ratio of 9.78 and a debt-to-equity ratio of 6.79. Alexander’s, Inc. has a 12 month low of $184.76 and a 12 month high of $260.84.

Alexander’s (NYSE:ALX) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $2.88 EPS for the quarter, missing the consensus estimate of $3.08 by ($0.20). The business had revenue of $51.59 million during the quarter, compared to analyst estimates of $51.90 million. Alexander’s had a return on equity of 22.12% and a net margin of 17.14%. On average, sell-side analysts anticipate that Alexander’s, Inc. will post 11.5 EPS for the current fiscal year.

Alexander’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 11th were given a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend was Monday, August 11th. Alexander’s’s dividend payout ratio (DPR) is 247.25%.

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).