2,100 Shares in Alexander’s, Inc. $ALX Purchased by Militia Capital Management LLC

Militia Capital Management LLC acquired a new stake in shares of Alexander’s, Inc. (NYSE:ALX) in the first quarter, Holdings Channel reports. The firm acquired 2,100 shares of the real estate investment trust’s stock, valued at approximately $496,000.

Other large investors also recently added to or reduced their stakes in the company. Covestor Ltd boosted its position in Alexander’s by 28.9% in the 4th quarter. Covestor Ltd now owns 241 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 54 shares during the period. Creative Planning increased its position in shares of Alexander’s by 4.9% during the third quarter. Creative Planning now owns 1,260 shares of the real estate investment trust’s stock worth $296,000 after acquiring an additional 59 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Alexander’s by 9.9% during the second quarter. Daiwa Securities Group Inc. now owns 766 shares of the real estate investment trust’s stock worth $173,000 after acquiring an additional 69 shares during the period. Resona Asset Management Co. Ltd. raised its stake in shares of Alexander’s by 7.9% during the first quarter. Resona Asset Management Co. Ltd. now owns 958 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 70 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Alexander’s by 7.7% during the first quarter. The Manufacturers Life Insurance Company now owns 1,160 shares of the real estate investment trust’s stock valued at $274,000 after acquiring an additional 83 shares in the last quarter. 31.99% of the stock is owned by hedge funds and other institutional investors.

Alexander’s Stock Up 3.1%

NYSE:ALX opened at $262.96 on Tuesday. 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 $289.43. The company has a 50-day moving average of $266.84 and a 200 day moving average of $250.08. The firm has a market cap of $1.34 billion, a PE ratio of 65.74 and a beta of 0.77.

Alexander’s (NYSE:ALX) last posted its earnings results on Monday, August 3rd. The real estate investment trust reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.02. The business had revenue of $54.71 million for the quarter, compared to the consensus estimate of $54.10 million. Alexander’s had a net margin of 9.72% and a return on equity of 17.38%. As a group, research analysts anticipate that Alexander’s, Inc. will post 11.87 EPS for the current fiscal year.

Alexander’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 10th will be paid a dividend of $4.50 per share. The ex-dividend date is Monday, August 10th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 6.8%. Alexander’s’s dividend payout ratio (DPR) is currently 450.00%.

Wall Street Analysts Forecast Growth

ALX has been the subject of a number of research reports. Piper Sandler boosted their price target on Alexander’s from $190.00 to $212.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alexander’s in a research report on Friday, July 17th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $212.00.

Insider Activity

In related news, Director Russell B. Wight, Jr. sold 423 shares of Alexander’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $267.00, for a total transaction of $112,941.00. Following the transaction, the director directly owned 900 shares of the company’s stock, valued at $240,300. This trade represents a 31.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 26.36% of the company’s stock.

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.