Alexander’s, Inc. $ALX Stock Holdings Lowered by Voss Capital LP

Voss Capital LP reduced its holdings in Alexander’s, Inc. (NYSE:ALX) by 40.7% during the fourth quarter, Holdings Channel reports. The firm owned 15,000 shares of the real estate investment trust’s stock after selling 10,290 shares during the period. Voss Capital LP’s holdings in Alexander’s were worth $3,269,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of Alexander’s by 625.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 116 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Van ECK Associates Corp bought a new stake in shares of Alexander’s in the 3rd quarter worth approximately $32,000. Larson Financial Group LLC raised its holdings in shares of Alexander’s by 104.0% in the 3rd quarter. Larson Financial Group LLC now owns 204 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 104 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Alexander’s by 89.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 208 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 98 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Alexander’s by 393.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 237 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 189 shares in the last quarter. 31.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alexander’s

In related news, Director Russell B. Wight, Jr. sold 423 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $267.00, for a total transaction of $112,941.00. Following the transaction, the director directly owned 900 shares of the company’s stock, valued at approximately $240,300. The trade was a 31.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 26.36% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ALX has been the topic of a number of research reports. Zacks Research downgraded shares of Alexander’s from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Alexander’s in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Alexander’s presently has a consensus rating of “Hold”.

Alexander’s Stock Performance

Alexander’s stock opened at $261.77 on Friday. The firm’s 50 day simple moving average is $246.56 and its 200-day simple moving average is $236.45. The company has a market cap of $1.34 billion, a P/E ratio of 65.44 and a beta of 0.78. 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 fifty-two week low of $201.28 and a fifty-two week high of $271.02.

Alexander’s (NYSE:ALX) last released its earnings results on Monday, May 4th. The real estate investment trust reported $0.91 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($2.17). The firm had revenue of $53.41 million during the quarter, compared to analysts’ expectations of $53.40 million. Alexander’s had a return on equity of 17.38% and a net margin of 9.72%. As a group, equities research analysts predict that Alexander’s, Inc. will post 12.08 EPS for the current year.

Alexander’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 11th were given a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Monday, May 11th. Alexander’s’s dividend payout ratio (DPR) is 450.00%.

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.