Mutual of America Capital Management LLC boosted its position in Alexander’s, Inc. (NYSE:ALX) by 2.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,345 shares of the real estate investment trust’s stock after purchasing an additional 203 shares during the quarter. Mutual of America Capital Management LLC owned about 0.16% of Alexander’s worth $3,539,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. State Street Corp raised its stake in Alexander’s by 6.1% in the 2nd quarter. State Street Corp now owns 54,691 shares of the real estate investment trust’s stock valued at $23,048,000 after purchasing an additional 3,129 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Alexander’s by 289.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 11,862 shares of the real estate investment trust’s stock valued at $4,999,000 after purchasing an additional 8,816 shares during the last quarter. Voya Investment Management LLC raised its stake in Alexander’s by 9.0% in the 2nd quarter. Voya Investment Management LLC now owns 1,205 shares of the real estate investment trust’s stock valued at $508,000 after purchasing an additional 99 shares during the last quarter. OxFORD Asset Management LLP raised its stake in Alexander’s by 89.5% in the 2nd quarter. OxFORD Asset Management LLP now owns 1,529 shares of the real estate investment trust’s stock valued at $644,000 after purchasing an additional 722 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Alexander’s by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 42,997 shares of the real estate investment trust’s stock valued at $18,121,000 after purchasing an additional 1,099 shares during the last quarter. 35.93% of the stock is owned by hedge funds and other institutional investors.

Shares of Alexander’s, Inc. (NYSE ALX) opened at 417.27 on Friday. Alexander’s, Inc. has a 12-month low of $369.33 and a 12-month high of $451.99. The firm has a 50-day moving average price of $425.48 and a 200 day moving average price of $423.48. The stock has a market cap of $2.13 billion, a PE ratio of 25.10 and a beta of 0.67.

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 business 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%. Equities research analysts predict that Alexander’s, Inc. will post $23.23 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be paid a $4.25 dividend. This represents a $17.00 annualized dividend and a yield of 4.07%. The ex-dividend date is Friday, November 3rd. Alexander’s’s dividend payout ratio is currently 102.29%.

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Separately, BidaskClub downgraded shares of Alexander’s from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th.

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.

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

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