Alexander’s, Inc. $ALX Stock Holdings Lessened by Voss Capital LP

Voss Capital LP reduced its holdings in Alexander’s, Inc. (NYSE:ALX) by 40.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,000 shares of the real estate investment trust’s stock after selling 10,290 shares during the quarter. Voss Capital LP owned approximately 0.29% of Alexander’s worth $3,269,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ALX. M&T Bank Corp bought a new stake in Alexander’s in the 4th quarter valued at about $60,372,000. Norges Bank bought a new stake in Alexander’s in the 4th quarter valued at about $6,211,000. UBS Group AG lifted its position in Alexander’s by 182.0% in the 3rd quarter. UBS Group AG now owns 23,405 shares of the real estate investment trust’s stock valued at $5,488,000 after purchasing an additional 15,106 shares during the last quarter. Millennium Management LLC lifted its position in Alexander’s by 120.1% in the 3rd quarter. Millennium Management LLC now owns 23,935 shares of the real estate investment trust’s stock valued at $5,613,000 after purchasing an additional 13,060 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Alexander’s by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 355,152 shares of the real estate investment trust’s stock valued at $74,284,000 after purchasing an additional 12,060 shares during the last quarter. 31.99% of the stock is currently owned by institutional investors.

Insider Activity at Alexander’s

In other Alexander’s news, Director Russell B. Wight, Jr. sold 423 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $267.00, for a total transaction of $112,941.00. Following the sale, the director directly owned 900 shares in the company, valued at approximately $240,300. The trade was a 31.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 26.36% of the company’s stock.

Analyst Upgrades and Downgrades

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

Alexander’s Stock Up 0.2%

ALX stock opened at $261.77 on Friday. Alexander’s, Inc. has a 52 week low of $201.28 and a 52 week high of $271.02. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 65.44 and a beta of 0.78. The firm’s 50-day moving average is $246.56 and its two-hundred day moving average is $236.45. The company has a current ratio of 6.92, a quick ratio of 6.92 and a debt-to-equity ratio of 9.17.

Alexander’s (NYSE:ALX) last released its quarterly earnings results on Monday, May 4th. The real estate investment trust reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $3.08 by ($2.17). Alexander’s had a return on equity of 17.38% and a net margin of 9.72%.The company had revenue of $53.41 million for the quarter, compared to the consensus estimate of $53.40 million. On average, analysts forecast that Alexander’s, Inc. will post 12.08 earnings per share for the current fiscal year.

Alexander’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 11th were given a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Monday, May 11th. Alexander’s’s payout ratio is 450.00%.

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.