Daiwa Securities Group Inc. Has $126,000 Position in Alexander’s, Inc. (ALX)
Daiwa Securities Group Inc. held its stake in shares of Alexander’s, Inc. (NYSE:ALX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 300 shares of the real estate investment trust’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in Alexander’s were worth $126,000 as of its most recent filing with the SEC.
Separately, Russell Investments Group Ltd. raised its stake in shares of Alexander’s by 77.0% in the second quarter. Russell Investments Group Ltd. now owns 1,377 shares of the real estate investment trust’s stock worth $580,000 after buying an additional 599 shares in the last quarter. 35.79% of the stock is currently owned by institutional investors.
Shares of Alexander’s, Inc. (ALX) opened at 409.56 on Monday. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 24.64 and a beta of 0.66. The firm’s 50-day moving average is $423.27 and its 200-day moving average is $424.35. Alexander’s, Inc. has a 52 week low of $369.33 and a 52 week high of $451.99.
Alexander’s (NYSE:ALX) last issued its earnings results on Monday, July 31st. The real estate investment trust reported $5.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $5.71 by $0.11. Alexander’s had a return on equity of 24.22% and a net margin of 37.16%. The business had revenue of $57.19 million for the quarter. Analysts forecast that Alexander’s, Inc. will post $23.23 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were issued a dividend of $4.25 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $17.00 annualized dividend and a dividend yield of 4.15%. Alexander’s’s dividend payout ratio (DPR) is presently 102.29%.
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Separately, BidaskClub lowered shares of Alexander’s from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th.
Alexander’s, Inc is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. It is managed by, and its properties are leased and developed by, Vornado Realty Trust (Vornado). As of December 31, 2016, the Company had seven properties in the greater New York City metropolitan area consisting of 731 Lexington Avenue; Rego Park I; Rego Park II; The Alexander apartment tower; Paramus, and Flushing.
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