Alexander’s, Inc. (ALX) Shares Bought by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA boosted its stake in shares of Alexander’s, Inc. (NYSE:ALX) by 28.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 987 shares of the real estate investment trust’s stock after purchasing an additional 220 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Alexander’s were worth $416,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Alexander’s during the 2nd quarter valued at $101,000. Russell Investments Group Ltd. raised its stake in Alexander’s by 77.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,377 shares of the real estate investment trust’s stock valued at $580,000 after purchasing an additional 599 shares during the last quarter. Bessemer Group Inc. raised its stake in Alexander’s by 8.8% during the 2nd quarter. Bessemer Group Inc. now owns 3,708 shares of the real estate investment trust’s stock valued at $1,563,000 after purchasing an additional 300 shares during the last quarter. Legal & General Group Plc raised its stake in Alexander’s by 5.7% during the 2nd quarter. Legal & General Group Plc now owns 5,328 shares of the real estate investment trust’s stock valued at $2,246,000 after purchasing an additional 289 shares during the last quarter. Finally, Granite Investment Advisors LLC raised its stake in Alexander’s by 37.2% during the 2nd quarter. Granite Investment Advisors LLC now owns 7,410 shares of the real estate investment trust’s stock valued at $3,212,000 after purchasing an additional 2,010 shares during the last quarter. Hedge funds and other institutional investors own 35.95% of the company’s stock.
Alexander’s, Inc. (ALX) opened at 425.79 on Friday. The firm has a market capitalization of $2.17 billion, a PE ratio of 25.62 and a beta of 0.65. Alexander’s, Inc. has a 1-year low of $369.33 and a 1-year high of $451.99. The company’s 50-day moving average is $419.13 and its 200 day moving average is $423.40.
Alexander’s (NYSE:ALX) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $5.60 EPS for the quarter, missing the Zacks’ consensus estimate of $5.71 by ($0.11). Alexander’s had a return on equity of 24.22% and a net margin of 37.16%. The company had revenue of $57.19 million for the quarter. On average, equities analysts expect that Alexander’s, Inc. will post $23.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were given a dividend of $4.25 per share. The ex-dividend date was Thursday, August 3rd. This represents a $17.00 dividend on an annualized basis and a yield of 3.99%. Alexander’s’s dividend payout ratio (DPR) is 102.29%.
Separately, BidaskClub cut shares of Alexander’s from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th.
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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