Alexander’s, Inc. $ALX Stock Holdings Lessened by May Hill Capital LLC

May Hill Capital LLC lessened its holdings in shares of Alexander’s, Inc. (NYSE:ALX) by 54.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Voss Capital LP boosted its stake in Alexander’s by 46.9% in the second 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 shares of Alexander’s during the 2nd quarter worth approximately $223,000. Bessemer Group Inc. bought a new stake in shares of Alexander’s in the 2nd quarter worth approximately $650,000. State Board of Administration of Florida Retirement System acquired a new position in Alexander’s during the 2nd quarter valued at approximately $685,000. Finally, AlphaQuest LLC bought a new position in Alexander’s during the 3rd quarter worth $555,000. Institutional investors and hedge funds own 31.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Alexander’s in a research note on Wednesday, January 21st. Zacks Research raised shares of Alexander’s from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Alexander’s presently has an average rating of “Buy”.

Alexander’s Price Performance

Shares of ALX opened at $229.52 on Wednesday. Alexander’s, Inc. has a one year low of $189.05 and a one year high of $260.84. The stock’s fifty day moving average is $230.27 and its 200-day moving average is $228.25. The company has a debt-to-equity ratio of 7.60, a quick ratio of 8.36 and a current ratio of 8.36. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 41.81 and a beta of 0.82.

Alexander’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be given a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Tuesday, February 17th. Alexander’s’s payout ratio is 327.87%.

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.