Alexander’s, Inc. (NYSE:ALX) released its earnings results on Monday, July 31st. The real estate investment trust reported $5.60 EPS for the quarter, missing the Zacks’ consensus estimate of $5.71 by $0.11, Bloomberg Earnings reports. The firm had revenue of $57.19 million during the quarter. Alexander’s had a net margin of 37.16% and a return on equity of 24.22%.
Alexander’s (NYSE:ALX) traded down 1.07% on Friday, reaching $410.62. The company had a trading volume of 4,407 shares. The stock’s 50-day moving average is $424.86 and its 200-day moving average is $425.07. Alexander’s has a 52 week low of $369.33 and a 52 week high of $451.99. The company has a market capitalization of $2.10 billion, a P/E ratio of 24.70 and a beta of 0.66.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be given a dividend of $4.25 per share. This represents a $17.00 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Thursday, August 3rd. Alexander’s’s dividend payout ratio (DPR) is presently 102.29%.
A number of hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in Alexander’s by 32.7% in the second quarter. Renaissance Technologies LLC now owns 60,500 shares of the real estate investment trust’s stock worth $25,498,000 after buying an additional 14,900 shares in the last quarter. Vanguard Group Inc. raised its stake in Alexander’s by 1.0% in the second quarter. Vanguard Group Inc. now owns 366,170 shares of the real estate investment trust’s stock worth $154,326,000 after buying an additional 3,720 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Alexander’s by 139.0% in the second quarter. Parametric Portfolio Associates LLC now owns 4,098 shares of the real estate investment trust’s stock worth $1,727,000 after buying an additional 2,383 shares in the last quarter. Granite Investment Advisors LLC raised its stake in Alexander’s by 37.2% in the second quarter. Granite Investment Advisors LLC now owns 7,410 shares of the real estate investment trust’s stock worth $3,212,000 after buying an additional 2,010 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Alexander’s by 4.5% in the second quarter. Northern Trust Corp now owns 44,995 shares of the real estate investment trust’s stock worth $18,964,000 after buying an additional 1,946 shares in the last quarter. Institutional investors own 35.79% of the company’s stock.
Separately, BidaskClub upgraded Alexander’s from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th.
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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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