Alexander’s, Inc. (NYSE:ALX) Stake Raised by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in shares of Alexander’s, Inc. (NYSE:ALX) by 11.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,112 shares of the real estate investment trust’s stock after buying an additional 115 shares during the period. Principal Financial Group Inc.’s holdings in Alexander’s were worth $270,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its position in shares of 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 worth $290,000 after buying an additional 86 shares in the last quarter. GraniteShares Advisors LLC boosted its stake in Alexander’s by 14.3% during the 2nd quarter. GraniteShares Advisors LLC now owns 8,768 shares of the real estate investment trust’s stock valued at $1,972,000 after purchasing an additional 1,096 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Alexander’s by 3.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,265 shares of the real estate investment trust’s stock valued at $709,000 after purchasing an additional 95 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of 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 worth $243,000 after buying an additional 73 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Alexander’s during the third quarter valued at about $215,000. 31.99% of the stock is owned by institutional investors.

Alexander’s Trading Up 0.8 %

NYSE ALX opened at $223.89 on Tuesday. The company has a debt-to-equity ratio of 5.18, a quick ratio of 10.21 and a current ratio of 10.21. Alexander’s, Inc. has a 1 year low of $182.59 and a 1 year high of $251.63. The stock’s 50-day moving average price is $230.62 and its two-hundred day moving average price is $225.92.

Alexander’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 11th will be given a $4.50 dividend. The ex-dividend date is Friday, November 8th. This represents a $18.00 annualized dividend and a dividend yield of 8.04%. Alexander’s’s dividend payout ratio (DPR) is presently 194.81%.

Wall Street Analyst Weigh In

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

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).