Fmr LLC Holds $844,000 Stake in Alexander’s, Inc. (NYSE:ALX)

Fmr LLC has recently increased its investment in Alexander’s, Inc. (NYSE:ALX – Free Report) by 17.1% during the third quarter, according to reports by HoldingsChannel.com. After adding 510 shares during this period, Fmr LLC now holds 3,484 shares in the company, with these holdings valued at $844,000 as of the end of the latest reporting period.

In addition to Fmr LLC, several other institutional investors have also adjusted their positions in ALX. For instance, Principal Financial Group Inc. boosted its stake by 7.9% in the second quarter, bringing its total to 997 shares valued at $224,000 after acquiring another 73 shares. Likewise, GraniteShares Advisors LLC expanded its holdings by 14.3%, resulting in ownership of 8,768 shares worth $1,972,000 after purchasing 1,096 shares in the last quarter. Rhumbline Advisers increased its position by 2.6% and now owns 3,478 shares valued at $782,000 after buying 87 additional shares.

Dimensional Fund Advisors LP also grew its stake by 1.2%, now holding 34,745 shares worth $7,812,000 following an acquisition of 413 shares during the same quarter. Furthermore, Denali Advisors LLC saw a significant rise of 51.2% in its holdings, bringing its total to 19,500 shares valued at $4,385,000 after purchasing 6,600 shares. Overall, institutional investors and hedge funds control 31.99% of Alexander’s stock.

Current Stock Performance

Alexander’s stock traded up by 0.5% recently, opening at $213.34 on Wednesday. The company has a debt-to-equity ratio of 5.18, alongside a current ratio of 10.21, indicating strong liquidity. Alexander’s has a market capitalization of $1.09 billion and a price-to-earnings ratio of 23.09, with a beta of 0.83. The stock has shown a fifty-day moving average of $224.02 and a two-hundred-day average of $226.32, with a low of $199.66 and a high of $251.63 over the past fifty-two weeks.

Dividends Declared by Alexander’s

The company has also announced a regular quarterly dividend. This dividend was issued to investors on Friday, November 29th, with a payout of $4.50 per share for those on record as of Monday, November 11th. The ex-dividend date was noted as Friday, November 8th. This dividend translates to an annualized payout of $18.00, which reflects a yield of 8.44%. However, it is important to mention that Alexander's dividend payout ratio (DPR) currently sits at 194.81%, indicating that a significant portion of earnings is being returned to shareholders in the form of dividends.

Understanding Alexander's, Inc.

Alexander’s, Inc. (NYSE: ALX) is classified as a real estate investment trust (REIT) and is incorporated in Delaware. The company is actively involved in leasing, managing, developing, and redeveloping its various properties. All references to 'we', 'us', 'our', 'Company' and 'Alexander’s' denote Alexander’s, Inc. along with its consolidated subsidiaries. The operational management and property leasing and development of the company are conducted by Vornado Realty Trust (Vornado) (NYSE: VNO).

Fmr, Investment, Alexander's