Daiwa Securities Group Inc. Buys 87 Shares of Alexander’s, Inc. (NYSE:ALX)

Posted by Defense World Staff on Aug 1st, 2023

Daiwa Securities Group Inc. raised its position in shares of Alexander’s, Inc. (NYSE:ALX – Free Report) by 15.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 647 shares of the real estate investment trust’s stock after buying an additional 87 shares during the period. Daiwa Securities Group Inc.’s holdings in Alexander’s were worth $125,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in Alexander’s by 40.1% in the first quarter. Goldman Sachs Group Inc. now owns 388,982 shares of the real estate investment trust’s stock worth $99,669,000 after buying an additional 111,306 shares during the period. BlackRock Inc. lifted its holdings in shares of Alexander’s by 2.0% during the first quarter. BlackRock Inc. now owns 153,838 shares of the real estate investment trust’s stock valued at $39,417,000 after purchasing an additional 3,040 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Alexander’s by 1.0% in the 4th quarter. JPMorgan Chase & Co. now owns 100,469 shares of the real estate investment trust’s stock worth $22,109,000 after purchasing an additional 985 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Alexander’s by 4.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,077 shares of the real estate investment trust’s stock worth $13,000,000 after buying an additional 2,553 shares during the last quarter. Finally, State Street Corp increased its position in Alexander’s by 8.9% during the 1st quarter. State Street Corp now owns 56,166 shares of the real estate investment trust’s stock valued at $14,391,000 after buying an additional 4,593 shares in the last quarter. Institutional investors own 33.54% of the company’s stock.

Alexander’s Stock Performance

Shares of ALX opened at $193.37 on Tuesday. Alexander’s, Inc. has a 12 month low of $155.60 and a 12 month high of $260.65. The business’s fifty day simple moving average is $180.06 and its two-hundred day simple moving average is $195.02. The company has a current ratio of 13.84, a quick ratio of 13.84 and a debt-to-equity ratio of 4.94. The company has a market cap of $988.12 million, a price-to-earnings ratio of 18.24 and a beta of 0.79.

Alexander’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be paid a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 9.31%. The ex-dividend date is Friday, August 4th. Alexander’s’s dividend payout ratio is currently 169.81%.