Bessemer Group Inc. Boosts Position in Alexander’s, Inc. (ALX)
Bessemer Group Inc. increased its stake in shares of Alexander’s, Inc. (NYSE:ALX) by 8.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,708 shares of the real estate investment trust’s stock after buying an additional 300 shares during the period. Bessemer Group Inc.’s holdings in Alexander’s were worth $1,563,000 as of its most recent filing with the SEC.
Separately, Russell Investments Group Ltd. boosted its stake in Alexander’s by 77.0% in the second quarter. Russell Investments Group Ltd. now owns 1,377 shares of the real estate investment trust’s stock valued at $580,000 after buying an additional 599 shares during the last quarter. 35.79% of the stock is owned by institutional investors and hedge funds.
Shares of Alexander’s, Inc. (NYSE ALX) opened at 410.62 on Friday. The firm has a market cap of $2.10 billion, a PE ratio of 24.70 and a beta of 0.66. The firm has a 50-day moving average of $424.86 and a 200 day moving average of $425.07. Alexander’s, Inc. has a 52-week low of $369.33 and a 52-week high of $451.99.
Alexander’s (NYSE:ALX) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $5.60 EPS for the quarter, missing analysts’ consensus estimates of $5.71 by $0.11. The company had revenue of $57.19 million during the quarter. Alexander’s had a return on equity of 24.22% and a net margin of 37.16%. On average, equities analysts predict that Alexander’s, Inc. will post $23.23 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be issued a $4.25 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $17.00 dividend on an annualized basis and a dividend yield of 4.14%. Alexander’s’s dividend payout ratio (DPR) is currently 102.29%.
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Separately, BidaskClub upgraded shares of Alexander’s from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th.
Alexander’s Company Profile
Alexander’s, Inc is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. It is managed by, and its properties are leased and developed by, Vornado Realty Trust (Vornado). As of December 31, 2016, the Company had seven properties in the greater New York City metropolitan area consisting of 731 Lexington Avenue; Rego Park I; Rego Park II; The Alexander apartment tower; Paramus, and Flushing.
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