Alexander’s, Inc. (NYSE:ALX) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of Alexander’s, Inc. (NYSE:ALX) by 6.8% during the second quarter, Holdings Channel.com reports. The firm owned 29,061 shares of the real estate investment trust’s stock after selling 2,122 shares during the quarter. Bank of New York Mellon Corp’s holdings in Alexander’s were worth $6,535,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Lazard Asset Management LLC acquired a new position in shares of Alexander’s during the first quarter valued at $114,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Alexander’s during the first quarter valued at $122,000. Daiwa Securities Group Inc. increased its holdings in shares of Alexander’s by 7.8% during the first quarter. Daiwa Securities Group Inc. now owns 695 shares of the real estate investment trust’s stock valued at $151,000 after purchasing an additional 50 shares during the period. Principal Financial Group Inc. bought a new position in Alexander’s during the first quarter valued at about $201,000. Finally, BOS Asset Management LLC acquired a new position in Alexander’s during the first quarter worth about $219,000. 31.99% of the stock is owned by institutional investors and hedge funds.

Alexander’s Trading Down 1.2 %

Shares of ALX opened at $227.37 on Thursday. The business’s 50-day moving average price is $228.69 and its 200 day moving average price is $219.98. Alexander’s, Inc. has a 1-year low of $162.50 and a 1-year high of $244.89. The company has a debt-to-equity ratio of 5.09, a current ratio of 12.66 and a quick ratio of 12.66.

Alexander’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 12th were paid a $4.50 dividend. The ex-dividend date was Monday, August 12th. This represents a $18.00 dividend on an annualized basis and a yield of 7.92%. Alexander’s’s dividend payout ratio is currently 86.04%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ALX. Piper Sandler lowered their target price on Alexander’s from $135.00 to $125.00 and set an “underweight” rating on the stock in a report on Tuesday, August 6th. StockNews.com lowered Alexander’s from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

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).