Alexander’s, Inc. (NYSE:ALX – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $272.25 and last traded at $272.34, with a volume of 23543 shares. The stock had previously closed at $266.37.
Analyst Ratings Changes
ALX has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Alexander’s in a report on Monday, April 20th. Zacks Research downgraded shares of Alexander’s from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Alexander’s presently has a consensus rating of “Hold”.
Check Out Our Latest Stock Analysis on ALX
Alexander’s Trading Up 2.2%
Alexander’s (NYSE:ALX – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The real estate investment trust reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $3.08 by ($2.17). Alexander’s had a return on equity of 17.38% and a net margin of 9.72%.The firm had revenue of $53.41 million during the quarter, compared to the consensus estimate of $53.40 million. As a group, sell-side analysts predict that Alexander’s, Inc. will post 12.08 EPS for the current year.
Alexander’s Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 11th were issued a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Monday, May 11th. Alexander’s’s dividend payout ratio is presently 450.00%.
Insider Buying and Selling at Alexander’s
In other news, Director Russell B. Wight, Jr. sold 423 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $267.00, for a total transaction of $112,941.00. Following the completion of the transaction, the director owned 900 shares in the company, valued at approximately $240,300. This trade represents a 31.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 26.36% of the company’s stock.
Institutional Trading of Alexander’s
Several institutional investors and hedge funds have recently added to or reduced their stakes in ALX. SG Americas Securities LLC grew its holdings in shares of Alexander’s by 962.3% during the 4th quarter. SG Americas Securities LLC now owns 10,952 shares of the real estate investment trust’s stock valued at $2,387,000 after acquiring an additional 9,921 shares in the last quarter. M&T Bank Corp acquired a new stake in Alexander’s in the 4th quarter worth approximately $60,372,000. JPMorgan Chase & Co. boosted its holdings in shares of Alexander’s by 40.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,230 shares of the real estate investment trust’s stock worth $4,509,000 after buying an additional 5,519 shares during the period. May Hill Capital LLC boosted its holdings in Alexander’s by 117.3% during the fourth quarter. May Hill Capital LLC now owns 4,890 shares of the real estate investment trust’s stock valued at $1,066,000 after acquiring an additional 2,640 shares during the period. Finally, UBS Group AG grew its holdings in Alexander’s by 31.5% in the 4th quarter. UBS Group AG now owns 30,784 shares of the real estate investment trust’s stock valued at $6,709,000 after buying an additional 7,379 shares during the last quarter. 31.99% of the stock is owned by institutional investors and hedge funds.
Alexander’s Company Profile
Alexander’s (NYSE: ALX) is a publicly traded real estate investment trust focused on owning, leasing and managing commercial properties in the New York metropolitan area. The company’s portfolio encompasses office buildings, retail storefronts and parking facilities, all held on a wholly owned basis. By concentrating on prime urban and suburban locations, Alexander’s seeks to generate stable rental income and long-term asset appreciation.
Founded in 1928 as a family-run department store chain, Alexander’s transitioned during the early 1990s into a pure-play real estate company following the sale of its retail operations.
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