Denali Advisors LLC Raises Holdings in Alexander’s, Inc. (NYSE:ALX)

Denali Advisors LLC increased its holdings in Alexander’s, Inc. (NYSE:ALX) by 19.4% in the 1st quarter, HoldingsChannel reports. The fund owned 12,900 shares of the real estate investment trust’s stock after purchasing an additional 2,100 shares during the quarter. Denali Advisors LLC’s holdings in Alexander’s were worth $2,801,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in shares of Alexander’s by 19.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 351,115 shares of the real estate investment trust’s stock valued at $74,988,000 after acquiring an additional 57,951 shares in the last quarter. Vanguard Group Inc. raised its stake in Alexander’s by 3.3% in the third quarter. Vanguard Group Inc. now owns 326,963 shares of the real estate investment trust’s stock valued at $59,582,000 after buying an additional 10,513 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Alexander’s by 220.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 9,973 shares of the real estate investment trust’s stock worth $2,130,000 after purchasing an additional 6,863 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Alexander’s during the fourth quarter worth about $459,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Alexander’s during the first quarter worth about $122,000. 31.99% of the stock is currently owned by hedge funds and other institutional investors.

Alexander’s Price Performance

Shares of Alexander’s stock traded up $5.32 during trading on Wednesday, hitting $226.35. 10,125 shares of the company were exchanged, compared to its average volume of 9,351. The company has a quick ratio of 14.35, a current ratio of 14.35 and a debt-to-equity ratio of 4.75. Alexander’s, Inc. has a fifty-two week low of $162.50 and a fifty-two week high of $237.18. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 10.59 and a beta of 0.81. The firm has a 50 day moving average price of $215.84 and a 200 day moving average price of $216.39.

Alexander’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 13th were given a dividend of $4.50 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $18.00 annualized dividend and a dividend yield of 7.95%. Alexander’s’s dividend payout ratio is currently 86.04%.

Analysts Set New Price Targets

A number of research firms recently issued reports on ALX. StockNews.com lowered Alexander’s from a “buy” rating to a “hold” rating in a report on Wednesday. Piper Sandler decreased their price target on Alexander’s from $160.00 to $145.00 and set an “underweight” rating on the stock in a research note on Monday, May 13th.

Alexander’s Profile

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