SG Americas Securities LLC Acquires 63,776 Shares of Alexander’s, Inc. $ALX

SG Americas Securities LLC grew its holdings in Alexander’s, Inc. (NYSE:ALX) by 582.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 74,728 shares of the real estate investment trust’s stock after acquiring an additional 63,776 shares during the period. SG Americas Securities LLC’s holdings in Alexander’s were worth $17,651,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in ALX. Goldman Sachs Group Inc. lifted its holdings in Alexander’s by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 355,152 shares of the real estate investment trust’s stock valued at $74,284,000 after purchasing an additional 12,060 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Alexander’s by 48.3% in the first quarter. Jane Street Group LLC now owns 4,996 shares of the real estate investment trust’s stock valued at $1,045,000 after purchasing an additional 1,628 shares during the last quarter. Strs Ohio acquired a new position in shares of Alexander’s in the first quarter valued at $84,000. Creative Planning increased its holdings in shares of Alexander’s by 17.3% in the second quarter. Creative Planning now owns 1,201 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 177 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Alexander’s by 11.4% in the second quarter. Legal & General Group Plc now owns 2,975 shares of the real estate investment trust’s stock valued at $670,000 after purchasing an additional 305 shares during the period. 31.99% of the stock is owned by institutional investors and hedge funds.

Alexander’s Stock Performance

NYSE:ALX opened at $266.44 on Friday. The stock has a 50 day simple moving average of $250.82 and a 200 day simple moving average of $239.73. The stock has a market cap of $1.36 billion, a P/E ratio of 66.61 and a beta of 0.78. Alexander’s, Inc. has a 1-year low of $201.28 and a 1-year high of $271.02. The company has a current ratio of 6.92, a quick ratio of 6.92 and a debt-to-equity ratio of 9.17.

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

Alexander’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 11th were given a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend was Monday, May 11th. Alexander’s’s payout ratio is presently 450.00%.

Analyst Upgrades and Downgrades

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

Insider Activity at Alexander’s

In related news, Director Russell B. Wight, Jr. sold 423 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $267.00, for a total value of $112,941.00. Following the transaction, the director directly owned 900 shares in the company, valued at approximately $240,300. This represents a 31.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 26.36% of the company’s stock.

About Alexander’s

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.