State Board of Administration of Florida Retirement System Invests $685,000 in Alexander’s, Inc. $ALX

State Board of Administration of Florida Retirement System purchased a new stake in shares of Alexander’s, Inc. (NYSE:ALX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 3,042 shares of the real estate investment trust’s stock, valued at approximately $685,000. State Board of Administration of Florida Retirement System owned about 0.06% of Alexander’s at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ALX. Nuveen LLC acquired a new stake in Alexander’s in the first quarter valued at approximately $62,118,000. H 2 Credit Manager LP acquired a new position in shares of Alexander’s during the 1st quarter worth $13,663,000. Voss Capital LP bought a new position in shares of Alexander’s during the 1st quarter valued at $3,600,000. Goldman Sachs Group Inc. lifted its stake in shares of Alexander’s by 3.5% in 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. Finally, Beverly Hills Private Wealth LLC lifted its stake in shares of Alexander’s by 170.7% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 17,954 shares of the real estate investment trust’s stock valued at $4,045,000 after purchasing an additional 11,322 shares during the last quarter. Institutional investors own 31.99% of the company’s stock.

Alexander’s Stock Performance

NYSE:ALX opened at $211.36 on Friday. The firm has a market capitalization of $1.08 billion, a PE ratio of 29.60 and a beta of 0.82. Alexander’s, Inc. has a 1 year low of $184.76 and a 1 year high of $260.84. The company has a current ratio of 10.36, a quick ratio of 10.36 and a debt-to-equity ratio of 7.69. The firm’s fifty day simple moving average is $225.34 and its 200 day simple moving average is $229.46.

Alexander’s (NYSE:ALX) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.41. The firm had revenue of $53.42 million during the quarter, compared to analyst estimates of $51.60 million. Alexander’s had a net margin of 16.99% and a return on equity of 23.91%. On average, sell-side analysts anticipate that Alexander’s, Inc. will post 11.5 EPS for the current year.

Alexander’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 10th were issued a $4.50 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $18.00 dividend on an annualized basis and a yield of 8.5%. Alexander’s’s dividend payout ratio (DPR) is 252.10%.

Wall Street Analysts Forecast Growth

ALX has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Alexander’s in a research report on Wednesday, October 8th. Zacks Research upgraded Alexander’s from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Alexander’s has an average rating of “Buy”.

Alexander’s Profile

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).