May Hill Capital LLC Raises Stock Position in Alexander’s, Inc. $ALX

May Hill Capital LLC grew its holdings in shares of Alexander’s, Inc. (NYSE:ALX) by 117.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,890 shares of the real estate investment trust’s stock after purchasing an additional 2,640 shares during the period. May Hill Capital LLC owned about 0.10% of Alexander’s worth $1,066,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Alexander’s by 625.0% during the second quarter. EverSource Wealth Advisors LLC now owns 116 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 100 shares during the period. Van ECK Associates Corp purchased a new stake in Alexander’s during the third quarter worth about $32,000. Tower Research Capital LLC TRC increased its stake in Alexander’s by 89.1% during the second quarter. Tower Research Capital LLC TRC now owns 208 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 98 shares during the period. Larson Financial Group LLC increased its stake in Alexander’s by 104.0% during the third quarter. Larson Financial Group LLC now owns 204 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 104 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Alexander’s by 393.8% during the third quarter. Russell Investments Group Ltd. now owns 237 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 189 shares during the period. 31.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ALX. Weiss Ratings reiterated a “hold (c)” rating on shares of Alexander’s in a research note on Monday, April 20th. Zacks Research lowered shares of Alexander’s from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Alexander’s Stock Down 0.6%

ALX stock opened at $229.83 on Friday. The company’s 50 day moving average price is $241.53 and its 200 day moving average price is $232.11. The company has a debt-to-equity ratio of 9.17, a quick ratio of 6.92 and a current ratio of 6.92. Alexander’s, Inc. has a fifty-two week low of $201.28 and a fifty-two week high of $260.84. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 57.46 and a beta of 0.80.

Alexander’s (NYSE:ALX) last released its earnings results on Monday, May 4th. The real estate investment trust reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $3.08 by ($2.17). Alexander’s had a return on equity of 17.38% and a net margin of 9.72%.The firm had revenue of $53.41 million for the quarter, compared to analysts’ expectations of $53.40 million. On average, equities research analysts anticipate that Alexander’s, Inc. will post 12.08 EPS for the current fiscal year.

Alexander’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 11th will be paid a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Monday, May 11th. Alexander’s’s dividend payout ratio is presently 450.00%.

Alexander’s Company Profile

Alexander’s (NYSE: ALX) is a publicly traded real estate investment trust focused on owning, leasing and managing commercial properties in the New York metropolitan area. The company’s portfolio encompasses office buildings, retail storefronts and parking facilities, all held on a wholly owned basis. By concentrating on prime urban and suburban locations, Alexander’s seeks to generate stable rental income and long-term asset appreciation.

Founded in 1928 as a family-run department store chain, Alexander’s transitioned during the early 1990s into a pure-play real estate company following the sale of its retail operations.