Fmr LLC Increases Stake in Alexander's, Inc. to $844,000

Fmr LLC has raised its stake in Alexander’s, Inc. (NYSE:ALX) by 17.1% during the third quarter, according to recent reports. Following the purchase of an additional 510 shares, Fmr LLC now owns a total of 3,484 shares in this real estate investment trust (REIT), valued at approximately $844,000 by the end of the reporting period.

Other hedge funds have also made changes to their investments in Alexander’s, Inc. For instance, Principal Financial Group Inc. boosted its investment by 7.9% during the second quarter, acquiring 73 more shares to hold a total of 997 shares currently worth around $224,000. Similarly, GraniteShares Advisors LLC increased its stake by 14.3% in the same quarter, now holding 8,768 shares valued at about $1,972,000 after adding 1,096 shares. Rhumbline Advisers also grew its position by 2.6% to own 3,478 shares valued at $782,000, while Dimensional Fund Advisors LP raised its stake by 1.2%, holding 34,745 shares worth approximately $7,812,000. Additionally, Denali Advisors LLC markedly increased its investment by 51.2%, owning 19,500 shares valued at $4,385,000 after purchasing 6,600 additional shares. Overall, institutional investors and hedge funds collectively hold 31.99% of Alexander’s stock.

Current Stock Performance

The stock price of ALX opened at $213.34 on the latest trading day. The company maintains a debt-to-equity ratio of 5.18, with both its current and quick ratios standing at 10.21. Alexander’s, Inc. has a market capitalization of $1.09 billion, with a price-to-earnings ratio of 23.09 and a beta of 0.83. Over the past 200 days, the stock has shown a average price of $226.32, while the last fifty-day moving average stands at $224.02. The stock has fluctuated between a fifty-two week low of $199.66 and a high of $251.63.

Dividend Information

In recent updates, Alexander’s also announced a quarterly dividend, which was distributed on November 29th. Shareholders who were on record as of November 11th received a $4.50 dividend per share. The ex-dividend date was established as November 8th. This annualizes to a total dividend of $18.00, which translates to a yield of 8.44%. The dividend payout ratio for Alexander’s stands at 194.81%.

Overview of Alexander's, Inc.

Alexander’s, Inc. (NYSE: ALX) operates as a real estate investment trust (REIT), incorporated in Delaware. The firm is engaged in leasing, managing, developing, and redeveloping its properties. For all intents and purposes, references to "we," "us," "our," "Company," and "Alexander’s" pertain to Alexander’s, Inc. and its subsidiaries. Alexander’s operates in conjunction with Vornado Realty Trust (NYSE: VNO), which manages its properties and development efforts.

Fmr, Investments, RealEstate