UBS Group AG Has $6.71 Million Stake in Alexander’s, Inc. $ALX

UBS Group AG raised its stake in Alexander’s, Inc. (NYSE:ALX) by 31.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 30,784 shares of the real estate investment trust’s stock after buying an additional 7,379 shares during the period. UBS Group AG’s holdings in Alexander’s were worth $6,709,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its stake in Alexander’s by 962.3% in the fourth quarter. SG Americas Securities LLC now owns 10,952 shares of the real estate investment trust’s stock valued at $2,387,000 after buying an additional 9,921 shares during the period. M&T Bank Corp acquired a new stake in shares of Alexander’s during the fourth quarter worth about $60,372,000. JPMorgan Chase & Co. raised its position in shares of Alexander’s by 40.3% during the third quarter. JPMorgan Chase & Co. now owns 19,230 shares of the real estate investment trust’s stock worth $4,509,000 after purchasing an additional 5,519 shares during the period. AlphaQuest LLC acquired a new stake in shares of Alexander’s during the third quarter worth about $555,000. Finally, Beverly Hills Private Wealth LLC raised its position in shares of Alexander’s by 13.0% during the third quarter. Beverly Hills Private Wealth LLC now owns 20,286 shares of the real estate investment trust’s stock worth $4,757,000 after purchasing an additional 2,332 shares during the period. Institutional investors and hedge funds own 31.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alexander’s in a research report on Monday, April 20th. Zacks Research lowered Alexander’s from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Alexander’s Stock Up 0.1%

ALX stock opened at $236.90 on Wednesday. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 59.23 and a beta of 0.80. Alexander’s, Inc. has a twelve month low of $201.28 and a twelve month high of $260.84. The business has a 50 day moving average price of $241.70 and a two-hundred day moving average price of $232.21. The company has a quick ratio of 6.92, a current ratio of 6.92 and a debt-to-equity ratio of 9.17.

Alexander’s (NYSE:ALX) last posted its quarterly earnings results on Monday, May 4th. The real estate investment trust reported $0.91 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($2.17). The company had revenue of $53.41 million for the quarter, compared to analyst estimates of $53.40 million. Alexander’s had a return on equity of 17.38% and a net margin of 9.72%. Analysts anticipate that Alexander’s, Inc. will post 12.08 EPS for the current fiscal year.

Alexander’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 11th will be given a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $18.00 annualized dividend and a dividend yield of 7.6%. Alexander’s’s payout ratio is 450.00%.

Alexander’s Profile

Alexander’s (NYSE: ALX) is a publicly traded real estate investment trust focused on owning, leasing and managing commercial properties in the New York metropolitan area. The company’s portfolio encompasses office buildings, retail storefronts and parking facilities, all held on a wholly owned basis. By concentrating on prime urban and suburban locations, Alexander’s seeks to generate stable rental income and long-term asset appreciation.

Founded in 1928 as a family-run department store chain, Alexander’s transitioned during the early 1990s into a pure-play real estate company following the sale of its retail operations.