Franklin Resources Inc. Acquires 52 Shares of Alexander’s, Inc. (NYSE:ALX)

Franklin Resources Inc. lifted its stake in Alexander’s, Inc. (NYSE:ALX) by 5.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 976 shares of the real estate investment trust’s stock after purchasing an additional 52 shares during the quarter. Franklin Resources Inc.’s holdings in Alexander’s were worth $225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp boosted its holdings in Alexander’s by 1.6% in the third quarter. State Street Corp now owns 58,122 shares of the real estate investment trust’s stock worth $14,086,000 after acquiring an additional 927 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Alexander’s by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 34,745 shares of the real estate investment trust’s stock worth $7,812,000 after purchasing an additional 413 shares in the last quarter. Denali Advisors LLC grew its position in Alexander’s by 51.2% during the 2nd quarter. Denali Advisors LLC now owns 19,500 shares of the real estate investment trust’s stock valued at $4,385,000 after purchasing an additional 6,600 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in Alexander’s by 24.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 13,435 shares of the real estate investment trust’s stock valued at $3,256,000 after purchasing an additional 2,652 shares in the last quarter. Finally, Zacks Investment Management purchased a new position in Alexander’s in the third quarter worth about $3,148,000. Hedge funds and other institutional investors own 31.99% of the company’s stock.

Alexander’s Trading Up 0.1 %

Shares of NYSE ALX opened at $200.06 on Thursday. The company has a market cap of $1.02 billion, a PE ratio of 21.65 and a beta of 0.83. The company has a debt-to-equity ratio of 5.18, a quick ratio of 10.21 and a current ratio of 10.21. The firm’s 50 day moving average price is $217.26 and its 200-day moving average price is $225.32. Alexander’s, Inc. has a 52-week low of $196.00 and a 52-week high of $251.63.

Alexander’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 11th were paid a dividend of $4.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $18.00 annualized dividend and a yield of 9.00%. Alexander’s’s dividend payout ratio is 194.81%.

About Alexander’s

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).