Alexander's (ALX) Given a $375.00 Price Target at Sandler O’Neill

Sandler O’Neill set a $375.00 price target on Alexander's (NYSE:ALX) in a research note published on Monday morning. The firm currently has a hold rating on the real estate investment trust’s stock.

Separately, ValuEngine downgraded shares of Alexander's from a buy rating to a hold rating in a report on Friday, February 2nd.

Alexander's (NYSE ALX) opened at $357.14 on Monday. Alexander's has a twelve month low of $332.98 and a twelve month high of $441.54. The company has a current ratio of 15.74, a quick ratio of 15.74 and a debt-to-equity ratio of 3.63. The stock has a market cap of $1,794.55, a PE ratio of 21.67 and a beta of 0.61.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, January 29th will be issued a dividend of $4.50 per share. This is an increase from Alexander's’s previous quarterly dividend of $4.25. The ex-dividend date is Friday, January 26th. This represents a $18.00 annualized dividend and a dividend yield of 5.04%. Alexander's’s payout ratio is presently 109.22%.

Several large investors have recently bought and sold shares of the company. Citadel Advisors LLC bought a new position in shares of Alexander's during the 4th quarter worth about $274,000. Tower Research Capital LLC TRC increased its holdings in shares of Alexander's by 232.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,787 shares of the real estate investment trust’s stock worth $1,499,000 after purchasing an additional 2,649 shares during the period. BlackRock Inc. increased its holdings in shares of Alexander's by 4.7% during the 4th quarter. BlackRock Inc. now owns 208,072 shares of the real estate investment trust’s stock worth $82,364,000 after purchasing an additional 9,254 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Alexander's by 28.4% during the 4th quarter. Wells Fargo & Company MN now owns 3,321 shares of the real estate investment trust’s stock worth $1,315,000 after purchasing an additional 735 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in shares of Alexander's during the 4th quarter worth about $316,000. Institutional investors own 35.76% of the company’s stock.

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About Alexander's

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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