Alexander’s, Inc. (NYSE:ALX) Shares Sold by Cigna Investments Inc. New
Cigna Investments Inc. New lowered its position in Alexander’s, Inc. (NYSE:ALX) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,773 shares of the real estate investment trust’s stock after selling 12 shares during the period. Cigna Investments Inc. New’s holdings in Alexander’s were worth $747,000 as of its most recent filing with the SEC.
Separately, Russell Investments Group Ltd. raised its position 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 worth $580,000 after buying an additional 599 shares in the last quarter. 35.79% of the stock is owned by institutional investors.
Alexander’s, Inc. (NYSE ALX) opened at 410.62 on Friday. The firm’s 50-day moving average is $424.86 and its 200-day moving average is $425.07. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 24.70 and a beta of 0.66. Alexander’s, Inc. has a 52-week low of $369.33 and a 52-week high of $451.99.
Alexander’s (NYSE:ALX) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $5.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.71 by $0.11. The company had revenue of $57.19 million for the quarter. Alexander’s had a return on equity of 24.22% and a net margin of 37.16%. Analysts forecast that Alexander’s, Inc. will post $23.23 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be paid a dividend of $4.25 per share. This represents a $17.00 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend is Thursday, August 3rd. Alexander’s’s dividend payout ratio is presently 102.29%.
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Separately, BidaskClub raised shares of Alexander’s from a “strong sell” rating to a “sell” rating in a research 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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