Militia Capital Management LLC acquired a new stake in Alexander’s, Inc. (NYSE:ALX – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,100 shares of the real estate investment trust’s stock, valued at approximately $496,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SG Americas Securities LLC raised its stake in Alexander’s by 962.3% during the fourth quarter. SG Americas Securities LLC now owns 10,952 shares of the real estate investment trust’s stock valued at $2,387,000 after buying an additional 9,921 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Alexander’s in the fourth quarter worth $60,372,000. JPMorgan Chase & Co. increased its holdings in shares of Alexander’s by 40.3% during the third quarter. JPMorgan Chase & Co. now owns 19,230 shares of the real estate investment trust’s stock valued at $4,509,000 after acquiring an additional 5,519 shares in the last quarter. UBS Group AG increased its holdings in shares of Alexander’s by 31.5% during the fourth quarter. UBS Group AG now owns 30,784 shares of the real estate investment trust’s stock valued at $6,709,000 after acquiring an additional 7,379 shares in the last quarter. Finally, May Hill Capital LLC raised its position in shares of Alexander’s by 117.3% in the 4th quarter. May Hill Capital LLC now owns 4,890 shares of the real estate investment trust’s stock worth $1,066,000 after purchasing an additional 2,640 shares during the last quarter. Hedge funds and other institutional investors own 31.99% of the company’s stock.
Alexander’s Stock Performance
NYSE ALX opened at $277.07 on Friday. The company has a debt-to-equity ratio of 9.17, a current ratio of 6.92 and a quick ratio of 6.92. Alexander’s, Inc. has a 1-year low of $201.28 and a 1-year high of $289.43. The business has a 50 day simple moving average of $263.55 and a two-hundred day simple moving average of $248.19. The stock has a market capitalization of $1.42 billion, a PE ratio of 69.27 and a beta of 0.76.
Alexander’s Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 11th were given a dividend of $4.50 per share. The ex-dividend date was Monday, May 11th. This represents a $18.00 annualized dividend and a yield of 6.5%. Alexander’s’s dividend payout ratio (DPR) is 450.00%.
Insider Buying and Selling
In other Alexander’s news, Director Russell B. Wight, Jr. sold 423 shares of Alexander’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $267.00, for a total value of $112,941.00. Following the completion of the transaction, the director directly owned 900 shares of the company’s stock, valued at $240,300. This trade represents a 31.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 26.36% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. Piper Sandler upped their price target on shares of Alexander’s from $190.00 to $212.00 and gave the stock an “underweight” rating in a research note on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Alexander’s in a research note on Friday, July 17th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Alexander’s presently has an average rating of “Reduce” and an average price target of $212.00.
Check Out Our Latest Stock Report on Alexander’s
About Alexander’s
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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