EntryPoint Capital LLC Acquires New Stake in Alexander’s, Inc. (NYSE:ALX)

EntryPoint Capital LLC acquired a new stake in Alexander’s, Inc. (NYSE:ALX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,368 shares of the real estate investment trust’s stock, valued at approximately $274,000.

Several other hedge funds have also modified their holdings of the stock. AlphaQuest LLC acquired a new stake in shares of Alexander’s in the 4th quarter valued at $154,000. Franklin Resources Inc. raised its stake in Alexander’s by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock valued at $225,000 after acquiring an additional 52 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Alexander’s by 29.1% during the fourth quarter. SG Americas Securities LLC now owns 1,148 shares of the real estate investment trust’s stock worth $230,000 after purchasing an additional 259 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of 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. Finally, Raymond James Financial Inc. acquired a new stake in Alexander’s in the fourth quarter valued at about $311,000. 31.99% of the stock is currently owned by institutional investors and hedge funds.

Alexander’s Stock Down 0.9 %

Alexander’s stock opened at $210.42 on Friday. The company has a market cap of $1.07 billion, a PE ratio of 24.87 and a beta of 0.83. Alexander’s, Inc. has a 1-year low of $184.76 and a 1-year high of $251.63. The stock’s 50 day moving average price is $204.73 and its 200 day moving average price is $214.74. The company has a debt-to-equity ratio of 5.59, a current ratio of 13.18 and a quick ratio of 13.18.

Alexander’s (NYSE:ALX) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.35. Alexander’s had a net margin of 19.19% and a return on equity of 21.45%. On average, sell-side analysts predict that Alexander’s, Inc. will post 11.5 EPS for the current fiscal year.

Alexander’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 8.55%. The ex-dividend date of this dividend was Tuesday, February 18th. Alexander’s’s dividend payout ratio (DPR) is presently 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).