Alexander’s, Inc. (ALX) Position Lowered by Strs Ohio
Strs Ohio decreased its position in shares of Alexander’s, Inc. (NYSE:ALX) by 12.0% during the second quarter, Holdings Channel reports. The institutional investor owned 3,330 shares of the real estate investment trust’s stock after selling 455 shares during the period. Strs Ohio’s holdings in Alexander’s were worth $1,403,000 at the end of the most recent reporting period.
Separately, Russell Investments Group Ltd. increased its stake in Alexander’s by 77.0% in the second quarter. Russell Investments Group Ltd. now owns 1,377 shares of the real estate investment trust’s stock valued at $580,000 after buying an additional 599 shares during the last quarter. Institutional investors own 35.79% of the company’s stock.
Shares of Alexander’s, Inc. (ALX) opened at 410.62 on Friday. Alexander’s, Inc. has a 12-month low of $369.33 and a 12-month high of $451.99. The company has a market capitalization of $2.10 billion, a P/E ratio of 24.70 and a beta of 0.66. The company has a 50 day moving average price of $424.86 and a 200 day moving average price of $425.07.
Alexander’s (NYSE:ALX) last announced its earnings results on Monday, July 31st. The real estate investment trust reported $5.60 EPS for the quarter, missing analysts’ consensus estimates of $5.71 by $0.11. Alexander’s had a net margin of 37.16% and a return on equity of 24.22%. The firm had revenue of $57.19 million for the quarter. Equities analysts anticipate that Alexander’s, Inc. will post $23.23 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be issued a dividend of $4.25 per share. This represents a $17.00 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend is Thursday, August 3rd. Alexander’s’s dividend payout ratio (DPR) is 102.29%.
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Separately, BidaskClub upgraded Alexander’s from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th.
Alexander’s Company Profile
Alexander’s, Inc is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. It is managed by, and its properties are leased and developed by, Vornado Realty Trust (Vornado). As of December 31, 2016, the Company had seven properties in the greater New York City metropolitan area consisting of 731 Lexington Avenue; Rego Park I; Rego Park II; The Alexander apartment tower; Paramus, and Flushing.
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