Martingale Asset Management L P boosted its position in Alexander’s, Inc. (NYSE:ALX) by 15.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,308 shares of the real estate investment trust’s stock after purchasing an additional 1,100 shares during the quarter. Martingale Asset Management L P owned approximately 0.16% of Alexander’s worth $3,502,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in Alexander’s by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 25,290 shares of the real estate investment trust’s stock worth $10,659,000 after purchasing an additional 369 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Alexander’s by 2.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 18,683 shares of the real estate investment trust’s stock worth $7,875,000 after purchasing an additional 476 shares in the last quarter. Granite Investment Advisors LLC raised its holdings in Alexander’s by 37.2% in the second quarter. Granite Investment Advisors LLC now owns 7,410 shares of the real estate investment trust’s stock worth $3,212,000 after purchasing an additional 2,010 shares in the last quarter. Legal & General Group Plc raised its holdings in Alexander’s by 5.7% in the second quarter. Legal & General Group Plc now owns 5,328 shares of the real estate investment trust’s stock worth $2,246,000 after purchasing an additional 289 shares in the last quarter. Finally, Swiss National Bank raised its holdings in Alexander’s by 5.3% in the second quarter. Swiss National Bank now owns 4,000 shares of the real estate investment trust’s stock worth $1,686,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 35.95% of the company’s stock.

Alexander’s, Inc. (NYSE ALX) opened at 425.79 on Friday. Alexander’s, Inc. has a one year low of $369.33 and a one year high of $451.99. The firm has a 50-day moving average of $419.13 and a 200-day moving average of $423.40. The company has a market capitalization of $2.17 billion, a P/E ratio of 25.62 and a beta of 0.65.

Alexander’s (NYSE:ALX) last announced its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $5.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.71 by ($0.11). The company had revenue of $57.19 million during the quarter. Alexander’s had a net margin of 37.16% and a return on equity of 24.22%. On average, analysts anticipate that Alexander’s, Inc. will post $23.23 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were paid a $4.25 dividend. This represents a $17.00 annualized dividend and a dividend yield of 3.99%. The ex-dividend date was Thursday, August 3rd. Alexander’s’s payout ratio is presently 102.29%.

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Separately, BidaskClub upgraded shares of Alexander’s from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th.

Alexander’s 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.

Institutional Ownership by Quarter for Alexander`s (NYSE:ALX)

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