Resona Asset Management Co. Ltd. Invests $163,000 in Alexander’s, Inc. (NYSE:ALX)

Resona Asset Management Co. Ltd. acquired a new stake in Alexander’s, Inc. (NYSE:ALX) during the fourth quarter, Holdings Channel reports. The firm acquired 824 shares of the real estate investment trust’s stock, valued at approximately $163,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. May Hill Capital LLC purchased a new stake in shares of Alexander’s in the fourth quarter worth about $1,049,000. Geode Capital Management LLC lifted its stake in Alexander’s by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 57,932 shares of the real estate investment trust’s stock worth $11,593,000 after purchasing an additional 687 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Alexander’s by 7.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,765 shares of the real estate investment trust’s stock valued at $553,000 after purchasing an additional 200 shares during the period. Norges Bank purchased a new position in shares of Alexander’s during the 4th quarter valued at $1,299,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Alexander’s by 36.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,648 shares of the real estate investment trust’s stock worth $329,000 after purchasing an additional 443 shares during the period. Institutional investors own 31.99% of the company’s stock.

Alexander’s Trading Up 2.4 %

Shares of ALX stock opened at $204.05 on Friday. Alexander’s, Inc. has a 52-week low of $184.76 and a 52-week high of $251.63. The business’s fifty day moving average is $207.43 and its 200 day moving average is $211.60. The company has a debt-to-equity ratio of 5.59, a quick ratio of 13.18 and a current ratio of 13.18. The company has a market capitalization of $1.04 billion, a PE ratio of 24.12 and a beta of 0.82.

Alexander’s (NYSE:ALX) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.35. Alexander’s had a return on equity of 21.45% and a net margin of 19.19%. On average, equities research analysts anticipate that Alexander’s, Inc. will post 11.5 EPS for the current fiscal year.

Alexander’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a $4.50 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $18.00 dividend on an annualized basis and a yield of 8.82%. Alexander’s’s dividend payout ratio is presently 212.77%.

About Alexander’s

Alexander’s, Inc (NYSE: ALX) is a real estate investment trust (REIT), incorporated in Delaware, engaged in leasing, managing, developing and redeveloping its properties. All references to we, us, our, Company and Alexander’s refer to Alexander’s, Inc and its consolidated subsidiaries. We are managed by, and our properties are leased and developed by, Vornado Realty Trust (Vornado) (NYSE: VNO).