Militia Capital Management LLC Makes New $496,000 Investment in Alexander’s, Inc. $ALX

Militia Capital Management LLC bought a new position in Alexander’s, Inc. (NYSE:ALX) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 2,100 shares of the real estate investment trust’s stock, valued at approximately $496,000.

Several other hedge funds have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its position in Alexander’s by 625.0% in the second quarter. EverSource Wealth Advisors LLC now owns 116 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. Van ECK Associates Corp purchased a new stake in Alexander’s during the third quarter valued at approximately $32,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of Alexander’s in the 4th quarter valued at approximately $38,000. Larson Financial Group LLC lifted its stake in shares of Alexander’s by 104.0% in the 3rd quarter. Larson Financial Group LLC now owns 204 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 104 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Alexander’s by 89.1% in the 2nd 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. 31.99% of the stock is currently owned by hedge funds and other institutional investors.

Alexander’s Stock Performance

Shares of NYSE:ALX opened at $262.96 on Tuesday. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 65.74 and a beta of 0.77. Alexander’s, Inc. has a 12 month low of $201.28 and a 12 month high of $289.43. The firm’s 50-day moving average is $266.84 and its 200 day moving average is $250.08. The company has a current ratio of 6.92, a quick ratio of 6.92 and a debt-to-equity ratio of 9.17.

Alexander’s (NYSE:ALX) last posted its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $3.02 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.02. The company had revenue of $54.71 million for the quarter, compared to analyst estimates of $54.10 million. Alexander’s had a net margin of 9.72% and a return on equity of 17.38%. Research analysts predict that Alexander’s, Inc. will post 11.87 EPS for the current year.

Alexander’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 10th will be issued a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Monday, August 10th. Alexander’s’s dividend payout ratio is presently 450.00%.

Insider Buying and Selling at Alexander’s

In related news, Director Russell B. Wight, Jr. sold 423 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $267.00, for a total transaction of $112,941.00. Following the completion of the sale, the director directly owned 900 shares of the company’s stock, valued at approximately $240,300. This trade represents a 31.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 26.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Piper Sandler boosted their target price on Alexander’s from $190.00 to $212.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Weiss Ratings restated a “hold (c)” rating on shares of Alexander’s in a research report on Friday, July 17th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Alexander’s has an average rating of “Reduce” and an average price target of $212.00.

Alexander’s 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.