Alexander’s, Inc. $ALX Shares Sold by May Hill Capital LLC

May Hill Capital LLC reduced its position in Alexander’s, Inc. (NYSE:ALX) by 54.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,250 shares of the real estate investment trust’s stock after selling 2,688 shares during the period. May Hill Capital LLC’s holdings in Alexander’s were worth $528,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALX. Voss Capital LP raised its stake in shares of Alexander’s by 46.9% in the 2nd quarter. Voss Capital LP now owns 25,290 shares of the real estate investment trust’s stock valued at $5,698,000 after acquiring an additional 8,080 shares during the period. Envestnet Asset Management Inc. acquired a new stake in Alexander’s in the 2nd quarter valued at $223,000. Bessemer Group Inc. purchased a new position in Alexander’s in the second quarter valued at about $650,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Alexander’s during the second quarter worth about $685,000. Finally, AlphaQuest LLC purchased a new stake in shares of Alexander’s in the third quarter worth about $555,000. Institutional investors and hedge funds own 31.99% of the company’s stock.

Alexander’s Price Performance

Shares of ALX stock opened at $229.52 on Wednesday. The firm has a fifty day moving average of $230.27 and a two-hundred day moving average of $228.25. The firm has a market cap of $1.17 billion, a P/E ratio of 41.81 and a beta of 0.82. Alexander’s, Inc. has a 1-year low of $189.05 and a 1-year high of $260.84. The company has a debt-to-equity ratio of 7.60, a current ratio of 8.36 and a quick ratio of 8.36.

Alexander’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be given a $4.50 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $18.00 annualized dividend and a dividend yield of 7.8%. Alexander’s’s dividend payout ratio (DPR) is presently 327.87%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ALX. Weiss Ratings reissued a “hold (c)” rating on shares of Alexander’s in a research report on Wednesday, January 21st. Zacks Research raised shares of Alexander’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

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.