EntryPoint Capital LLC Acquires New Position in Alexander’s, Inc. (NYSE:ALX)

EntryPoint Capital LLC purchased a new position in Alexander’s, Inc. (NYSE:ALX) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,368 shares of the real estate investment trust’s stock, valued at approximately $274,000.

Other hedge funds have also modified their holdings of the company. AlphaQuest LLC purchased a new stake in shares of Alexander’s during the 4th quarter worth about $154,000. Franklin Resources Inc. boosted its stake in shares of Alexander’s by 5.6% in the third quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 52 shares during the period. SG Americas Securities LLC grew its stake in shares of Alexander’s by 29.1% during the fourth quarter. SG Americas Securities LLC now owns 1,148 shares of the real estate investment trust’s stock valued at $230,000 after acquiring an additional 259 shares in the last quarter. Principal Financial Group Inc. grew its stake in Alexander’s by 7.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,193 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 81 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Alexander’s during the fourth quarter worth approximately $311,000. 31.99% of the stock is owned by institutional investors and hedge funds.

Alexander’s Stock Performance

Shares of Alexander’s stock opened at $210.42 on Friday. The company has a debt-to-equity ratio of 5.59, a quick ratio of 13.18 and a current ratio of 13.18. The firm has a market cap of $1.07 billion, a PE ratio of 24.87 and a beta of 0.83. Alexander’s, Inc. has a 1 year low of $184.76 and a 1 year high of $251.63. The firm’s 50-day simple moving average is $204.73 and its 200-day simple moving average is $214.74.

Alexander’s (NYSE:ALX) last released its earnings results on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.35. Alexander’s had a net margin of 19.19% and a return on equity of 21.45%. Equities analysts forecast that Alexander’s, Inc. will post 11.5 earnings per share for the current fiscal year.

Alexander’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 8.55%. The ex-dividend date was Tuesday, February 18th. Alexander’s’s dividend payout ratio is presently 212.77%.

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).