Alexander’s, Inc. $ALX Holdings Cut by Denali Advisors LLC

Denali Advisors LLC decreased its stake in Alexander’s, Inc. (NYSE:ALX) by 6.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,924 shares of the real estate investment trust’s stock after selling 2,001 shares during the quarter. Denali Advisors LLC owned approximately 0.55% of Alexander’s worth $6,292,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Goldman Sachs Group Inc. increased its stake in shares of Alexander’s by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 355,152 shares of the real estate investment trust’s stock worth $74,284,000 after purchasing an additional 12,060 shares during the last quarter. Nuveen LLC acquired a new position in shares of Alexander’s during the 1st quarter worth $62,118,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Alexander’s by 17.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,499 shares of the real estate investment trust’s stock worth $13,909,000 after purchasing an additional 9,689 shares during the last quarter. H 2 Credit Manager LP acquired a new position in shares of Alexander’s during the 1st quarter worth $13,663,000. Finally, Beverly Hills Private Wealth LLC increased its stake in shares of Alexander’s by 170.7% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 17,954 shares of the real estate investment trust’s stock worth $4,045,000 after purchasing an additional 11,322 shares during the last quarter. Institutional investors and hedge funds own 31.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ALX. Zacks Research upgraded shares of Alexander’s from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Alexander’s in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Alexander’s presently has an average rating of “Hold”.

Alexander’s Stock Performance

NYSE:ALX opened at $231.76 on Wednesday. The company has a current ratio of 9.78, a quick ratio of 9.78 and a debt-to-equity ratio of 6.79. The firm has a market capitalization of $1.18 billion, a PE ratio of 31.84 and a beta of 0.86. The firm’s fifty day simple moving average is $233.28 and its 200 day simple moving average is $226.38. Alexander’s, Inc. has a 1 year low of $184.76 and a 1 year high of $260.84.

Alexander’s (NYSE:ALX) last posted its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.08 by ($0.20). The company had revenue of $51.59 million during the quarter, compared to analyst estimates of $51.90 million. Alexander’s had a return on equity of 22.12% and a net margin of 17.14%. On average, sell-side analysts anticipate that Alexander’s, Inc. will post 11.5 EPS for the current year.

Alexander’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 11th were issued a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Monday, August 11th. Alexander’s’s dividend payout ratio (DPR) is presently 247.25%.

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).