12,040 Shares in Alexander’s, Inc. $ALX Acquired by Marnell Management LLC

Marnell Management LLC bought a new position in Alexander’s, Inc. (NYSE:ALX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 12,040 shares of the real estate investment trust’s stock, valued at approximately $2,624,000. Alexander’s makes up about 1.3% of Marnell Management LLC’s portfolio, making the stock its 21st biggest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in Alexander’s by 962.3% in the 4th 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 in the last quarter. M&T Bank Corp purchased a new stake in Alexander’s in the 4th quarter worth approximately $60,372,000. JPMorgan Chase & Co. increased its holdings in Alexander’s by 40.3% in the 3rd 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 in the last quarter. UBS Group AG increased its holdings in Alexander’s by 31.5% in the 4th quarter. UBS Group AG now owns 30,784 shares of the real estate investment trust’s stock worth $6,709,000 after acquiring an additional 7,379 shares in the last quarter. Finally, May Hill Capital LLC increased its holdings in Alexander’s by 117.3% in the 4th quarter. May Hill Capital LLC now owns 4,890 shares of the real estate investment trust’s stock worth $1,066,000 after acquiring an additional 2,640 shares in the last quarter. 31.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alexander’s

In related news, Director Russell B. Wight, Jr. sold 423 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $267.00, for a total value of $112,941.00. Following the completion of the transaction, the director directly owned 900 shares of the company’s stock, valued at approximately $240,300. This trade represents a 31.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 26.36% of the company’s stock.

Alexander’s Trading Down 0.3%

Shares of ALX opened at $261.77 on Monday. The company has a debt-to-equity ratio of 9.17, a current ratio of 6.92 and a quick ratio of 6.92. Alexander’s, Inc. has a 1 year low of $201.28 and a 1 year high of $271.02. The company has a 50 day simple moving average of $246.56 and a two-hundred day simple moving average of $236.63. The firm has a market cap of $1.34 billion, a P/E ratio of 65.44 and a beta of 0.78.

Alexander’s (NYSE:ALX) last announced its quarterly earnings data 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). Alexander’s had a net margin of 9.72% and a return on equity of 17.38%. The company had revenue of $53.41 million for the quarter, compared to analysts’ expectations of $53.40 million. On average, equities analysts expect that Alexander’s, Inc. will post 12.08 earnings per share for the current fiscal year.

Alexander’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 11th were issued a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Monday, May 11th. Alexander’s’s dividend payout ratio (DPR) is 450.00%.

Analysts Set New Price Targets

ALX has been the subject of a number of research analyst reports. Zacks Research lowered shares of Alexander’s from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alexander’s in a report on Monday, April 20th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Alexander’s has a consensus 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.