Northern Trust Corp boosted its holdings in Alexander’s, Inc. (NYSE:ALX) by 4.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,995 shares of the real estate investment trust’s stock after buying an additional 1,946 shares during the quarter. Northern Trust Corp owned approximately 0.88% of Alexander’s worth $18,964,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in Alexander’s in the second quarter valued at about $101,000. Citigroup Inc. boosted its stake in shares of Alexander’s by 76.4% during the second quarter. Citigroup Inc. now owns 951 shares of the real estate investment trust’s stock valued at $401,000 after purchasing an additional 412 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Alexander’s by 28.7% during the second quarter. BNP Paribas Arbitrage SA now owns 987 shares of the real estate investment trust’s stock valued at $416,000 after purchasing an additional 220 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Alexander’s by 77.0% during the second quarter. Russell Investments Group Ltd. now owns 1,377 shares of the real estate investment trust’s stock valued at $580,000 after purchasing an additional 599 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Alexander’s by 7.6% during the second quarter. Principal Financial Group Inc. now owns 1,531 shares of the real estate investment trust’s stock valued at $645,000 after purchasing an additional 108 shares in the last quarter. 35.96% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Alexander’s, Inc. (ALX) traded up $0.16 during mid-day trading on Friday, reaching $404.97. The company’s stock had a trading volume of 4,200 shares, compared to its average volume of 6,923. The company has a market capitalization of $2,067.36, a P/E ratio of 17.79 and a beta of 0.69. The company has a debt-to-equity ratio of 3.63, a quick ratio of 15.74 and a current ratio of 15.74. Alexander’s, Inc. has a 1-year low of $396.00 and a 1-year high of $451.99.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 6th will be issued a $4.25 dividend. The ex-dividend date is Friday, November 3rd. This represents a $17.00 dividend on an annualized basis and a yield of 4.20%. Alexander’s’s payout ratio is currently 103.16%.
Separately, BidaskClub raised Alexander’s from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th.
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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