Alexander’s, Inc. (NYSE:ALX – Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $185.97, but opened at $190.00. Alexander’s shares last traded at $189.09, with a volume of 3,743 shares changing hands.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on ALX. StockNews.com began coverage on shares of Alexander’s in a report on Thursday, August 17th. They issued a “buy” rating on the stock. TheStreet upgraded shares of Alexander’s from a “c” rating to a “b” rating in a report on Wednesday, August 16th.
View Our Latest Stock Analysis on Alexander’s
Alexander’s Trading Up 0.8 %
Alexander’s Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were given a $4.50 dividend. The ex-dividend date was Friday, August 4th. This represents a $18.00 annualized dividend and a yield of 9.60%. Alexander’s’s dividend payout ratio is presently 89.02%.
Institutional Investors Weigh In On Alexander’s
Several hedge funds have recently bought and sold shares of ALX. Goldman Sachs Group Inc. lifted its holdings in Alexander’s by 40.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 388,982 shares of the real estate investment trust’s stock valued at $99,669,000 after purchasing an additional 111,306 shares in the last quarter. BlackRock Inc. lifted its holdings in Alexander’s by 9.1% during the 2nd quarter. BlackRock Inc. now owns 182,720 shares of the real estate investment trust’s stock worth $33,595,000 after buying an additional 15,165 shares in the last quarter. Norges Bank acquired a new stake in shares of Alexander’s in the 4th quarter valued at $3,030,000. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Alexander’s by 25.3% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 50,350 shares of the real estate investment trust’s stock valued at $9,257,000 after purchasing an additional 10,180 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of Alexander’s in the 4th quarter valued at $1,215,000. Hedge funds and other institutional investors own 33.54% of the company’s stock.
About Alexander’s
Alexander's, Inc is a real estate investment trust which has six properties in New York City.
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