Alexander’s, Inc. (NYSE:ALX) Stock Position Raised by Inspire Investing LLC

Inspire Investing LLC increased its position in Alexander’s, Inc. (NYSE:ALX) by 21.0% in the fourth quarter, HoldingsChannel reports. The firm owned 2,032 shares of the real estate investment trust’s stock after acquiring an additional 353 shares during the period. Inspire Investing LLC’s holdings in Alexander’s were worth $407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALX. Ballentine Partners LLC acquired a new stake in shares of Alexander’s in the third quarter worth $205,000. SG Americas Securities LLC acquired a new position in Alexander’s during the third quarter valued at $215,000. Franklin Resources Inc. lifted its stake in Alexander’s by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 52 shares in the last quarter. Principal Financial Group Inc. boosted its position in Alexander’s by 11.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust’s stock worth $270,000 after acquiring an additional 115 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Alexander’s by 7.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,290 shares of the real estate investment trust’s stock valued at $290,000 after acquiring an additional 86 shares in the last quarter. 31.99% of the stock is currently owned by hedge funds and other institutional investors.

Alexander’s Price Performance

Shares of ALX opened at $191.97 on Friday. The company has a debt-to-equity ratio of 5.18, a current ratio of 10.21 and a quick ratio of 10.21. The company has a market capitalization of $980.41 million, a price-to-earnings ratio of 20.78 and a beta of 0.84. The business’s 50-day moving average is $205.48 and its 200-day moving average is $221.88. Alexander’s, Inc. has a fifty-two week low of $184.76 and a fifty-two week high of $251.63.

Alexander’s (NYSE:ALX) last released its earnings results on Monday, November 4th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.57 by ($1.27). The company had revenue of $55.68 million during the quarter, compared to analysts’ expectations of $53.50 million. Alexander’s had a return on equity of 21.79% and a net margin of 20.33%. During the same quarter in the previous year, the company earned $3.63 EPS. Equities research analysts expect that Alexander’s, Inc. will post 14.84 EPS for the current fiscal year.

Alexander’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 11th were given a dividend of $4.50 per share. The ex-dividend date was Friday, November 8th. This represents a $18.00 dividend on an annualized basis and a yield of 9.38%. Alexander’s’s payout ratio is 194.81%.

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).