Los Angeles Capital Management LLC Reduces Stock Holdings in Alexander’s, Inc. $ALX

Los Angeles Capital Management LLC cut its holdings in Alexander’s, Inc. (NYSE:ALX) by 49.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,717 shares of the real estate investment trust’s stock after selling 7,437 shares during the period. Los Angeles Capital Management LLC’s holdings in Alexander’s were worth $1,739,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ALX. Signaturefd LLC increased its holdings in Alexander’s by 37.1% during the 2nd quarter. Signaturefd LLC now owns 270 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 73 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of Alexander’s by 5.2% in the second quarter. Inspire Investing LLC now owns 1,733 shares of the real estate investment trust’s stock valued at $390,000 after purchasing an additional 85 shares in the last quarter. Resona Asset Management Co. Ltd. grew its position in shares of Alexander’s by 13.7% in the first quarter. Resona Asset Management Co. Ltd. now owns 937 shares of the real estate investment trust’s stock valued at $198,000 after purchasing an additional 113 shares during the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Alexander’s by 177.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 200 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 128 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Alexander’s by 3.7% during the 1st quarter. Rhumbline Advisers now owns 3,688 shares of the real estate investment trust’s stock worth $771,000 after purchasing an additional 133 shares in the last quarter. 31.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALX has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alexander’s in a research note on Wednesday, October 8th. Zacks Research upgraded Alexander’s from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Alexander’s has a consensus rating of “Buy”.

Alexander’s Stock Performance

Shares of ALX opened at $224.29 on Wednesday. Alexander’s, Inc. has a 1 year low of $184.76 and a 1 year high of $260.84. The company’s 50 day simple moving average is $233.82 and its 200 day simple moving average is $229.70. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 30.81 and a beta of 0.86. The company has a debt-to-equity ratio of 6.79, a quick ratio of 9.78 and a current ratio of 9.78.

Alexander’s (NYSE:ALX) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $2.91 EPS for the quarter, topping the consensus estimate of $2.50 by $0.41. The firm had revenue of $53.42 million during the quarter, compared to analysts’ expectations of $51.60 million. Alexander’s had a net margin of 17.14% and a return on equity of 22.12%. On average, sell-side analysts predict that Alexander’s, Inc. will post 11.5 EPS for the current year.

Alexander’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 10th will be paid a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 8.0%. The ex-dividend date is Monday, November 10th. Alexander’s’s dividend payout ratio is presently 252.10%.

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).