Alexander’s (NYSE:ALX) Downgraded by StockNews.com

StockNews.com cut shares of Alexander’s (NYSE:ALX) from a buy rating to a hold rating in a research report report published on Friday morning.

Separately, Piper Sandler decreased their target price on Alexander’s from $160.00 to $145.00 and set an underweight rating on the stock in a research note on Monday, May 13th.

Alexander’s Price Performance

Shares of NYSE ALX opened at $210.66 on Friday. The firm has a market capitalization of $1.08 billion, a P/E ratio of 10.07 and a beta of 0.79. The company has a quick ratio of 14.35, a current ratio of 14.35 and a debt-to-equity ratio of 4.75. The stock’s 50-day simple moving average is $214.61 and its two-hundred day simple moving average is $214.22. Alexander’s has a twelve month low of $162.50 and a twelve month high of $237.18.

Alexander’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 13th were given a dividend of $4.50 per share. The ex-dividend date was Friday, May 10th. This represents a $18.00 annualized dividend and a dividend yield of 8.54%. Alexander’s’s dividend payout ratio (DPR) is presently 86.04%.

Hedge Funds Weigh In On Alexander’s

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Alexander’s by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 326,963 shares of the real estate investment trust’s stock valued at $59,582,000 after purchasing an additional 10,513 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in Alexander’s by 8.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 3,331 shares of the real estate investment trust’s stock valued at $726,000 after acquiring an additional 250 shares during the period. Mariner LLC boosted its holdings in Alexander’s by 2.6% during the 3rd quarter. Mariner LLC now owns 6,637 shares of the real estate investment trust’s stock valued at $1,209,000 after acquiring an additional 167 shares during the period. SG Americas Securities LLC purchased a new stake in Alexander’s during the 4th quarter valued at about $115,000. Finally, Los Angeles Capital Management LLC boosted its holdings in Alexander’s by 220.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 9,973 shares of the real estate investment trust’s stock valued at $2,130,000 after acquiring an additional 6,863 shares during the period. 31.99% of the stock is currently owned by institutional investors.

Alexander’s Company Profile

Alexander's, Inc is a real estate investment trust which has five properties in New York City.