Mutual of America Capital Management LLC grew its position in shares of Alexander's, Inc. (NYSE:ALX) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,765 shares of the real estate investment trust’s stock after purchasing an additional 420 shares during the period. Mutual of America Capital Management LLC’s holdings in Alexander's were worth $3,470,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALX. Principal Financial Group Inc. increased its stake in shares of Alexander's by 7.6% in the second quarter. Principal Financial Group Inc. now owns 1,531 shares of the real estate investment trust’s stock worth $645,000 after buying an additional 108 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Alexander's by 1.1% in the second quarter. Wells Fargo & Company MN now owns 1,729 shares of the real estate investment trust’s stock worth $728,000 after buying an additional 18 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Alexander's by 23.8% in the second quarter. TIAA CREF Investment Management LLC now owns 7,099 shares of the real estate investment trust’s stock worth $2,992,000 after buying an additional 1,363 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Alexander's by 1.1% in the second quarter. UBS Asset Management Americas Inc. now owns 3,803 shares of the real estate investment trust’s stock worth $1,603,000 after buying an additional 42 shares during the last quarter. Finally, Citigroup Inc. increased its stake in shares of Alexander's by 76.4% in the second quarter. Citigroup Inc. now owns 951 shares of the real estate investment trust’s stock worth $401,000 after buying an additional 412 shares during the last quarter. Institutional investors own 35.78% of the company’s stock.

Shares of Alexander's, Inc. (NYSE:ALX) opened at $340.07 on Friday. The company has a quick ratio of 15.74, a current ratio of 15.74 and a debt-to-equity ratio of 3.63. The stock has a market cap of $1,729.44, a price-to-earnings ratio of 20.64 and a beta of 0.61. Alexander's, Inc. has a 12 month low of $332.98 and a 12 month high of $441.54.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, January 29th will be paid a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date is Friday, January 26th. This is a positive change from Alexander's’s previous quarterly dividend of $4.25. Alexander's’s payout ratio is 109.22%.

Separately, ValuEngine lowered shares of Alexander's from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd.

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About Alexander's

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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