StockNews.com lowered shares of Alexander’s (NYSE:ALX – Free Report) from a buy rating to a hold rating in a report released on Saturday morning.
Separately, Piper Sandler decreased their price target on shares of Alexander’s from $160.00 to $145.00 and set an underweight rating for the company in a research note on Monday, May 13th.
Get Our Latest Stock Analysis on Alexander’s
Alexander’s Trading Up 0.1 %
Alexander’s Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 13th were paid a $4.50 dividend. The ex-dividend date was Friday, May 10th. This represents a $18.00 dividend on an annualized basis and a yield of 8.24%. Alexander’s’s dividend payout ratio is 86.04%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its position in shares of Alexander’s by 119.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 138 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 75 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Alexander’s during the 1st quarter valued at $114,000. SG Americas Securities LLC purchased a new position in shares of Alexander’s during the 4th quarter valued at $115,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Alexander’s during the 1st quarter valued at $122,000. Finally, Daiwa Securities Group Inc. grew its position in shares of Alexander’s by 7.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 695 shares of the real estate investment trust’s stock valued at $151,000 after purchasing an additional 50 shares in the last quarter. 31.99% of the stock is currently owned by hedge funds and other institutional investors.
Alexander’s Company Profile
Alexander's, Inc is a real estate investment trust which has five properties in New York City.
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