Inspire Investing LLC Buys 251 Shares of Alexander’s, Inc. (NYSE:ALX)

Inspire Investing LLC raised its stake in Alexander’s, Inc. (NYSE:ALX) by 14.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,012 shares of the real estate investment trust’s stock after buying an additional 251 shares during the period. Inspire Investing LLC’s holdings in Alexander’s were worth $437,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ALX. Goldman Sachs Group Inc. boosted its stake in shares of Alexander’s by 19.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 351,115 shares of the real estate investment trust’s stock valued at $74,988,000 after purchasing an additional 57,951 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Alexander’s by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 326,963 shares of the real estate investment trust’s stock valued at $59,582,000 after purchasing an additional 10,513 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Alexander’s by 220.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 9,973 shares of the real estate investment trust’s stock valued at $2,130,000 after purchasing an additional 6,863 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Alexander’s in the 4th quarter valued at $459,000. Finally, Denali Advisors LLC boosted its stake in shares of Alexander’s by 19.4% in the 1st quarter. Denali Advisors LLC now owns 12,900 shares of the real estate investment trust’s stock valued at $2,801,000 after purchasing an additional 2,100 shares in the last quarter. Institutional investors own 31.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Alexander’s from a “hold” rating to a “buy” rating in a research note on Friday. Piper Sandler cut their price target on shares of Alexander’s from $160.00 to $145.00 and set an “underweight” rating on the stock in a report on Monday, May 13th.

Alexander’s Trading Up 0.9 %

Alexander’s stock traded up $1.94 during trading hours on Tuesday, reaching $229.77. The stock had a trading volume of 3,711 shares, compared to its average volume of 9,586. The stock has a market cap of $1.15 billion, a PE ratio of 10.89 and a beta of 0.81. Alexander’s, Inc. has a 52 week low of $162.50 and a 52 week high of $237.18. The company has a debt-to-equity ratio of 4.75, a current ratio of 14.35 and a quick ratio of 14.35. The company has a fifty day simple moving average of $217.68 and a 200-day simple moving average of $217.24.

Alexander’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 13th were issued a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date of this dividend was Friday, May 10th. Alexander’s’s dividend payout ratio (DPR) is presently 86.04%.

Alexander’s Profile

Alexander's, Inc is a real estate investment trust which has five properties in New York City.