State Street Corp Boosts Position in Alexander’s, Inc. (NYSE:ALX)

State Street Corp lifted its position in Alexander’s, Inc. (NYSE:ALX) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,122 shares of the real estate investment trust’s stock after buying an additional 927 shares during the quarter. State Street Corp’s holdings in Alexander’s were worth $14,086,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Denali Advisors LLC boosted its holdings in Alexander’s by 51.2% in 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 period. Los Angeles Capital Management LLC grew its position in Alexander’s by 24.6% during the third quarter. Los Angeles Capital Management LLC now owns 13,435 shares of the real estate investment trust’s stock worth $3,256,000 after buying an additional 2,652 shares in the last quarter. GraniteShares Advisors LLC raised its holdings in shares of Alexander’s by 14.3% in the 2nd quarter. GraniteShares Advisors LLC now owns 8,768 shares of the real estate investment trust’s stock valued at $1,972,000 after acquiring an additional 1,096 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Alexander’s during the 3rd quarter valued at about $215,000. Finally, Ballentine Partners LLC purchased a new position in shares of Alexander’s during the third quarter worth about $205,000. 31.99% of the stock is currently owned by institutional investors.

Alexander’s Trading Up 0.8 %

Shares of Alexander’s stock opened at $201.00 on Wednesday. The company has a debt-to-equity ratio of 5.18, a current ratio of 10.21 and a quick ratio of 10.21. Alexander’s, Inc. has a 1 year low of $197.00 and a 1 year high of $251.63. The firm has a market cap of $1.03 billion, a PE ratio of 21.75 and a beta of 0.83. The company has a 50 day simple moving average of $220.87 and a two-hundred day simple moving average of $225.93.

Alexander’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 11th were paid a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 8.96%. The ex-dividend date of this dividend was Friday, November 8th. Alexander’s’s dividend payout ratio is currently 194.81%.

Alexander’s Company 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).