May Hill Capital LLC Increases Stock Holdings in Alexander’s, Inc. $ALX

May Hill Capital LLC raised its stake in Alexander’s, Inc. (NYSE:ALX) by 117.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,890 shares of the real estate investment trust’s stock after acquiring an additional 2,640 shares during the period. May Hill Capital LLC’s holdings in Alexander’s were worth $1,066,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. M&T Bank Corp purchased a new position in Alexander’s in the fourth quarter valued at approximately $213,000. UBS Group AG increased its stake in Alexander’s by 31.5% in the fourth quarter. UBS Group AG now owns 30,784 shares of the real estate investment trust’s stock valued at $6,709,000 after purchasing an additional 7,379 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Alexander’s by 962.3% during the fourth quarter. SG Americas Securities LLC now owns 10,952 shares of the real estate investment trust’s stock worth $2,387,000 after acquiring an additional 9,921 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of Alexander’s by 19.9% during the fourth quarter. Park Avenue Securities LLC now owns 1,815 shares of the real estate investment trust’s stock worth $396,000 after acquiring an additional 301 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Alexander’s by 40.3% during the third quarter. JPMorgan Chase & Co. now owns 19,230 shares of the real estate investment trust’s stock worth $4,509,000 after acquiring an additional 5,519 shares during the last quarter. 31.99% of the stock is currently owned by hedge funds and other institutional investors.

Alexander’s Stock Performance

Shares of ALX opened at $229.83 on Friday. The company has a current ratio of 6.92, a quick ratio of 6.92 and a debt-to-equity ratio of 9.17. The firm has a market cap of $1.17 billion, a PE ratio of 57.46 and a beta of 0.80. The company’s 50 day simple moving average is $241.53 and its 200-day simple moving average is $232.11. Alexander’s, Inc. has a 12-month low of $201.28 and a 12-month high of $260.84.

Alexander’s (NYSE:ALX) last announced its earnings results on Monday, May 4th. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.08 by ($2.17). The business had revenue of $53.41 million for the quarter, compared to analysts’ expectations of $53.40 million. Alexander’s had a return on equity of 17.38% and a net margin of 9.72%. As a group, equities analysts predict that Alexander’s, Inc. will post 12.08 EPS for the current year.

Alexander’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 11th will be issued a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $18.00 annualized dividend and a dividend yield of 7.8%. Alexander’s’s dividend payout ratio (DPR) is currently 450.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Alexander’s in a research report on Monday, April 20th. Zacks Research lowered shares of Alexander’s from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

About Alexander’s

Alexander’s (NYSE: ALX) is a publicly traded real estate investment trust focused on owning, leasing and managing commercial properties in the New York metropolitan area. The company’s portfolio encompasses office buildings, retail storefronts and parking facilities, all held on a wholly owned basis. By concentrating on prime urban and suburban locations, Alexander’s seeks to generate stable rental income and long-term asset appreciation.

Founded in 1928 as a family-run department store chain, Alexander’s transitioned during the early 1990s into a pure-play real estate company following the sale of its retail operations.