Alexander’s, Inc. (NYSE:ALX) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Alexander’s, Inc. (NYSE:ALX) by 4.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,038 shares of the real estate investment trust’s stock after selling 127 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Alexander’s were worth $736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in Alexander’s by 7.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,290 shares of the real estate investment trust’s stock worth $290,000 after buying an additional 86 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Alexander’s by 11.5% during the third quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust’s stock worth $270,000 after acquiring an additional 115 shares during the period. GraniteShares Advisors LLC raised its holdings in Alexander’s by 14.3% during the second quarter. GraniteShares Advisors LLC now owns 8,768 shares of the real estate investment trust’s stock worth $1,972,000 after purchasing an additional 1,096 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Alexander’s in the third quarter valued at about $215,000. Finally, Rhumbline Advisers boosted its holdings in Alexander’s by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 3,478 shares of the real estate investment trust’s stock valued at $782,000 after purchasing an additional 87 shares in the last quarter. 31.99% of the stock is owned by institutional investors and hedge funds.

Alexander’s Stock Performance

Shares of ALX stock opened at $200.95 on Friday. The company has a current ratio of 10.21, a quick ratio of 10.21 and a debt-to-equity ratio of 5.18. The stock has a 50 day simple moving average of $223.12 and a 200-day simple moving average of $226.16. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 21.75 and a beta of 0.83. Alexander’s, Inc. has a 12-month low of $200.04 and a 12-month high of $251.63.

Alexander’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 11th were given a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 8.96%. The ex-dividend date was Friday, November 8th. Alexander’s’s 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).