UBS Group AG Acquires 7,379 Shares of Alexander’s, Inc. $ALX

UBS Group AG lifted its holdings in shares of Alexander’s, Inc. (NYSE:ALX) by 31.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 30,784 shares of the real estate investment trust’s stock after purchasing an additional 7,379 shares during the period. UBS Group AG owned 0.60% of Alexander’s worth $6,709,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. M&T Bank Corp bought a new position in Alexander’s in the fourth quarter valued at about $60,372,000. SG Americas Securities LLC boosted its holdings in Alexander’s by 962.3% in the fourth quarter. SG Americas Securities LLC now owns 10,952 shares of the real estate investment trust’s stock valued at $2,387,000 after acquiring an additional 9,921 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in Alexander’s by 19.9% in the fourth quarter. Park Avenue Securities LLC now owns 1,815 shares of the real estate investment trust’s stock valued at $396,000 after acquiring an additional 301 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Alexander’s by 40.3% in the third quarter. JPMorgan Chase & Co. now owns 19,230 shares of the real estate investment trust’s stock valued at $4,509,000 after acquiring an additional 5,519 shares during the last quarter. Finally, Advisory Services Network LLC boosted its holdings in Alexander’s by 25.4% in the third quarter. Advisory Services Network LLC now owns 1,670 shares of the real estate investment trust’s stock valued at $392,000 after acquiring an additional 338 shares during the last quarter. Institutional investors own 31.99% of the company’s stock.

Alexander’s Price Performance

Alexander’s stock opened at $236.90 on Wednesday. Alexander’s, Inc. has a 12-month low of $201.28 and a 12-month high of $260.84. The business’s 50-day simple moving average is $241.70 and its 200 day simple moving average is $232.21. The company has a quick ratio of 6.92, a current ratio of 6.92 and a debt-to-equity ratio of 9.17. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 59.23 and a beta of 0.80.

Alexander’s (NYSE:ALX) last released its earnings results on Monday, May 4th. The real estate investment trust reported $0.91 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $53.40 million. As a group, research analysts anticipate that Alexander’s, Inc. will post 12.08 earnings per share for the current year.

Alexander’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 11th will be paid a $4.50 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $18.00 annualized dividend and a yield of 7.6%. Alexander’s’s dividend payout ratio is presently 450.00%.

Wall Street Analyst Weigh In

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

Alexander’s Profile

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.