Alexander’s, Inc. $ALX Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its stake in Alexander’s, Inc. (NYSE:ALX) by 49.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,717 shares of the real estate investment trust’s stock after selling 7,437 shares during the quarter. Los Angeles Capital Management LLC owned 0.15% of Alexander’s worth $1,739,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Signaturefd LLC lifted its holdings in shares of Alexander’s by 37.1% during the second quarter. Signaturefd LLC now owns 270 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 73 shares during the period. Inspire Investing LLC raised its position in Alexander’s by 5.2% during the 2nd quarter. Inspire Investing LLC now owns 1,733 shares of the real estate investment trust’s stock worth $390,000 after buying an additional 85 shares during the last quarter. Resona Asset Management Co. Ltd. raised its position in Alexander’s by 13.7% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 937 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 113 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in shares of Alexander’s by 177.8% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 200 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 128 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Alexander’s by 3.7% in the first quarter. Rhumbline Advisers now owns 3,688 shares of the real estate investment trust’s stock valued at $771,000 after acquiring an additional 133 shares in the last quarter. Institutional investors and hedge funds own 31.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ALX. Zacks Research raised shares of Alexander’s from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alexander’s in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Alexander’s Price Performance

Shares of NYSE ALX opened at $224.29 on Wednesday. The company has a debt-to-equity ratio of 6.79, a quick ratio of 9.78 and a current ratio of 9.78. Alexander’s, Inc. has a one year low of $184.76 and a one year high of $260.84. The firm has a market capitalization of $1.15 billion, a P/E ratio of 30.81 and a beta of 0.86. The company’s fifty day moving average is $233.82 and its two-hundred day moving average is $229.70.

Alexander’s (NYSE:ALX) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $2.91 EPS for the quarter, beating the consensus estimate of $2.50 by $0.41. The firm had revenue of $53.42 million during the quarter, compared to analysts’ expectations of $51.60 million. Alexander’s had a net margin of 17.14% and a return on equity of 22.12%. Analysts forecast that Alexander’s, Inc. will post 11.5 EPS for the current fiscal year.

Alexander’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 10th will be paid a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $18.00 annualized dividend and a dividend yield of 8.0%. Alexander’s’s payout ratio is 252.10%.

Alexander’s Profile

Alexander’s, Inc (NYSE: ALX) is a real estate investment trust (REIT), incorporated in Delaware, engaged in leasing, managing, developing and redeveloping its properties. All references to we, us, our, Company and Alexander’s refer to Alexander’s, Inc and its consolidated subsidiaries. We are managed by, and our properties are leased and developed by, Vornado Realty Trust (Vornado) (NYSE: VNO).