Alexander’s, Inc. (NYSE:ALX) Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC increased its position in shares of Alexander’s, Inc. (NYSE:ALX) by 20.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,554 shares of the real estate investment trust’s stock after acquiring an additional 775 shares during the quarter. Penserra Capital Management LLC’s holdings in Alexander’s were worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC acquired a new position in Alexander’s in the 1st quarter valued at about $114,000. Ballentine Partners LLC acquired a new position in shares of Alexander’s in the 3rd quarter valued at $205,000. SG Americas Securities LLC purchased a new position in shares of Alexander’s during the 3rd quarter worth $215,000. Principal Financial Group Inc. increased its position in shares of Alexander’s by 7.9% during the 2nd quarter. Principal Financial Group Inc. now owns 997 shares of the real estate investment trust’s stock worth $224,000 after purchasing an additional 73 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its holdings in Alexander’s by 7.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,119 shares of the real estate investment trust’s stock valued at $243,000 after buying an additional 73 shares during the period. Hedge funds and other institutional investors own 31.99% of the company’s stock.

Alexander’s Price Performance

ALX stock opened at $218.49 on Wednesday. The business’s fifty day moving average price is $230.22 and its 200 day moving average price is $225.84. Alexander’s, Inc. has a 12-month low of $182.59 and a 12-month high of $251.63. The company has a current ratio of 10.21, a quick ratio of 10.21 and a debt-to-equity ratio of 5.18. The company has a market capitalization of $1.12 billion, a PE ratio of 23.65 and a beta of 0.83.

Alexander’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 11th will be paid a dividend of $4.50 per share. The ex-dividend date is Friday, November 8th. This represents a $18.00 dividend on an annualized basis and a yield of 8.24%. Alexander’s’s dividend payout ratio (DPR) is presently 194.81%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Piper Sandler lowered their target price on shares of Alexander’s from $135.00 to $125.00 and set an “underweight” rating for the company in a research note on Tuesday, August 6th. StockNews.com cut shares of Alexander’s from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th.

Alexander’s Company Profile

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).