May Hill Capital LLC Makes New $1.05 Million Investment in Alexander’s, Inc. (NYSE:ALX)

May Hill Capital LLC acquired a new stake in Alexander’s, Inc. (NYSE:ALX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,242 shares of the real estate investment trust’s stock, valued at approximately $1,049,000.

A number of other large investors have also made changes to their positions in the stock. Barclays PLC raised its stake in Alexander’s by 369.7% in the 3rd quarter. Barclays PLC now owns 3,584 shares of the real estate investment trust’s stock valued at $869,000 after purchasing an additional 2,821 shares during the last quarter. Jane Street Group LLC raised its position in shares of Alexander’s by 162.6% in the third quarter. Jane Street Group LLC now owns 5,722 shares of the real estate investment trust’s stock valued at $1,387,000 after buying an additional 3,543 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Alexander’s by 5.6% during the third quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 52 shares during the period. Los Angeles Capital Management LLC boosted its position in Alexander’s by 19.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 16,007 shares of the real estate investment trust’s stock worth $3,202,000 after acquiring an additional 2,572 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Alexander’s by 7.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,193 shares of the real estate investment trust’s stock worth $239,000 after acquiring an additional 81 shares during the period. Institutional investors and hedge funds own 31.99% of the company’s stock.

Alexander’s Trading Down 0.7 %

Shares of ALX opened at $209.57 on Tuesday. Alexander’s, Inc. has a fifty-two week low of $184.76 and a fifty-two week high of $251.63. The company has a market capitalization of $1.07 billion, a PE ratio of 24.77 and a beta of 0.83. The stock has a fifty day moving average of $205.08 and a two-hundred day moving average of $214.33. The company has a debt-to-equity ratio of 5.59, a quick ratio of 13.18 and a current ratio of 13.18.

Alexander’s (NYSE:ALX) last released its earnings results on Monday, February 10th. The real estate investment trust reported $4.06 EPS for the quarter, beating the consensus estimate of $3.71 by $0.35. Alexander’s had a return on equity of 21.45% and a net margin of 19.19%. As a group, analysts forecast that Alexander’s, Inc. will post 11.5 EPS for the current year.

Alexander’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a dividend of $4.50 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $18.00 annualized dividend and a dividend yield of 8.59%. Alexander’s’s payout ratio is currently 212.77%.

About Alexander’s

Alexander’s, Inc (NYSE: ALX) is a real estate investment trust (REIT), incorporated in Delaware, engaged in leasing, managing, developing and redeveloping its properties. All references to we, us, our, Company and Alexander’s refer to Alexander’s, Inc and its consolidated subsidiaries. We are managed by, and our properties are leased and developed by, Vornado Realty Trust (Vornado) (NYSE: VNO).