Citigroup Inc. Has $260,000 Holdings in Alexander’s, Inc. (NYSE:ALX)

Citigroup Inc. decreased its holdings in shares of Alexander’s, Inc. (NYSE:ALX) by 43.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,426 shares of the real estate investment trust’s stock after selling 1,106 shares during the period. Citigroup Inc.’s holdings in Alexander’s were worth $260,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ALX. Goldman Sachs Group Inc. lifted its position in shares of Alexander’s by 40.1% during the first quarter. Goldman Sachs Group Inc. now owns 388,982 shares of the real estate investment trust’s stock valued at $99,669,000 after purchasing an additional 111,306 shares in the last quarter. BlackRock Inc. increased its position in shares of Alexander’s by 9.1% during the 2nd quarter. BlackRock Inc. now owns 182,720 shares of the real estate investment trust’s stock valued at $33,595,000 after purchasing an additional 15,165 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Alexander’s by 4.2% during the third quarter. JPMorgan Chase & Co. now owns 100,472 shares of the real estate investment trust’s stock worth $18,309,000 after buying an additional 4,039 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Alexander’s by 4.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,601 shares of the real estate investment trust’s stock worth $11,590,000 after acquiring an additional 2,604 shares during the period. Finally, State Street Corp boosted its stake in Alexander’s by 6.6% in the first quarter. State Street Corp now owns 56,326 shares of the real estate investment trust’s stock valued at $10,913,000 after acquiring an additional 3,476 shares during the last quarter. 31.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Alexander’s from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th.

Alexander’s Stock Up 3.7 %

Shares of NYSE ALX opened at $215.91 on Thursday. The business’s fifty day moving average price is $218.31 and its 200-day moving average price is $202.20. Alexander’s, Inc. has a one year low of $155.60 and a one year high of $235.85. The stock has a market capitalization of $1.10 billion, a PE ratio of 10.81 and a beta of 0.78. The company has a debt-to-equity ratio of 4.60, a current ratio of 13.22 and a quick ratio of 13.22.

Alexander’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 20th were given a dividend of $4.50 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $18.00 dividend on an annualized basis and a yield of 8.34%. Alexander’s’s dividend payout ratio is presently 90.14%.

Alexander’s Company Profile

Alexander's, Inc is a real estate investment trust which has five properties in New York City.