Charles Schwab Investment Management Inc. Has $3.49 Million Position in Alexander’s, Inc. (NYSE:ALX)

Charles Schwab Investment Management Inc. cut its position in shares of Alexander’s, Inc. (NYSE:ALX) by 21.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 17,424 shares of the real estate investment trust’s stock after selling 4,725 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Alexander’s were worth $3,486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ALX. Barclays PLC increased its stake in Alexander’s by 369.7% in the third quarter. Barclays PLC now owns 3,584 shares of the real estate investment trust’s stock valued at $869,000 after acquiring an additional 2,821 shares during the period. Jane Street Group LLC boosted its holdings in Alexander’s by 162.6% during the third quarter. Jane Street Group LLC now owns 5,722 shares of the real estate investment trust’s stock valued at $1,387,000 after purchasing an additional 3,543 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Alexander’s by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 52 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of Alexander’s by 19.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 16,007 shares of the real estate investment trust’s stock valued at $3,202,000 after purchasing an additional 2,572 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Alexander’s by 7.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,193 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 81 shares in the last quarter. 31.99% of the stock is currently owned by institutional investors.

Alexander’s Price Performance

Shares of ALX stock opened at $212.26 on Friday. The stock’s fifty day simple moving average is $204.37 and its 200 day simple moving average is $214.88. Alexander’s, Inc. has a one year low of $184.76 and a one year high of $251.63. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 25.09 and a beta of 0.83. The company has a debt-to-equity ratio of 5.59, a current ratio of 13.18 and a quick ratio of 13.18.

Alexander’s (NYSE:ALX) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.35. Alexander’s had a return on equity of 21.45% and a net margin of 19.19%. On average, analysts expect that Alexander’s, Inc. will post 11.5 earnings per share for the current fiscal year.

Alexander’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a dividend of $4.50 per share. The ex-dividend date was Tuesday, February 18th. This represents a $18.00 annualized dividend and a yield of 8.48%. Alexander’s’s dividend payout ratio is 212.77%.

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).