Parametric Portfolio Associates LLC increased its stake in Alexander’s, Inc. (NYSE:ALX) by 139.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,098 shares of the real estate investment trust’s stock after acquiring an additional 2,383 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.08% of Alexander’s worth $1,727,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Alexander’s by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 25,290 shares of the real estate investment trust’s stock valued at $10,659,000 after acquiring an additional 369 shares in the last quarter. Vanguard Group Inc. lifted its stake in Alexander’s by 1.0% during the second quarter. Vanguard Group Inc. now owns 366,170 shares of the real estate investment trust’s stock valued at $154,326,000 after purchasing an additional 3,720 shares during the last quarter. Martingale Asset Management L P lifted its stake in Alexander’s by 15.3% during the second quarter. Martingale Asset Management L P now owns 8,308 shares of the real estate investment trust’s stock valued at $3,502,000 after purchasing an additional 1,100 shares during the last quarter. Bessemer Group Inc. lifted its stake in Alexander’s by 8.8% during the second quarter. Bessemer Group Inc. now owns 3,708 shares of the real estate investment trust’s stock valued at $1,563,000 after purchasing an additional 300 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Alexander’s by 2.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 18,683 shares of the real estate investment trust’s stock valued at $7,875,000 after purchasing an additional 476 shares during the last quarter. Institutional investors and hedge funds own 35.96% of the company’s stock.

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Separately, BidaskClub lowered shares of Alexander’s from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th.

Shares of Alexander’s, Inc. (ALX) opened at $404.97 on Friday. Alexander’s, Inc. has a one year low of $396.00 and a one year high of $451.99. The company has a market cap of $2,068.18, a P/E ratio of 17.80 and a beta of 0.69. The company has a current ratio of 15.74, a quick ratio of 15.74 and a debt-to-equity ratio of 3.63.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be paid a dividend of $4.25 per share. This represents a $17.00 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Friday, November 3rd. Alexander’s’s dividend payout ratio is presently 103.16%.

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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Institutional Ownership by Quarter for Alexander`s (NYSE:ALX)

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