Sumitomo Mitsui Trust Holdings Inc. Boosts Stock Position in Alexander’s, Inc. (NYSE:ALX)

Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Alexander’s, Inc. (NYSE:ALX) by 21.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,525 shares of the real estate investment trust’s stock after buying an additional 450 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Alexander’s were worth $539,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Alexander’s by 3.3% during the third quarter. Vanguard Group Inc. now owns 326,963 shares of the real estate investment trust’s stock worth $59,582,000 after purchasing an additional 10,513 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Alexander’s by 4.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,601 shares of the real estate investment trust’s stock worth $11,590,000 after purchasing an additional 2,604 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Alexander’s by 5.8% during the third quarter. Bank of New York Mellon Corp now owns 31,763 shares of the real estate investment trust’s stock worth $5,788,000 after purchasing an additional 1,733 shares in the last quarter. Denali Advisors LLC increased its position in shares of Alexander’s by 11.3% during the fourth quarter. Denali Advisors LLC now owns 10,800 shares of the real estate investment trust’s stock worth $2,307,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its position in shares of Alexander’s by 2.1% during the third quarter. Mutual of America Capital Management LLC now owns 7,726 shares of the real estate investment trust’s stock worth $1,408,000 after purchasing an additional 158 shares in the last quarter. 31.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Alexander’s from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th.

Alexander’s Stock Performance

NYSE ALX opened at $211.15 on Friday. The stock’s fifty day moving average is $215.40 and its two-hundred day moving average is $206.20. The firm has a market capitalization of $1.08 billion, a P/E ratio of 10.83 and a beta of 0.78. The company has a debt-to-equity ratio of 4.60, a quick ratio of 13.22 and a current ratio of 13.22. Alexander’s, Inc. has a fifty-two week low of $155.60 and a fifty-two week high of $235.85.

Alexander’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 20th were paid a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date of this dividend was Friday, February 16th. Alexander’s’s dividend payout ratio (DPR) is currently 90.14%.

Alexander’s Company Profile

Alexander's, Inc is a real estate investment trust which has five properties in New York City.