According to the most recent 13F filing Strs Ohio filed with the SEC, the company’s holdings in Alexander’s, Inc. (NYSE:ALX) were reduced by 20.8% in the third quarter of this year. At the end of the fiscal quarter, the company held a total of 2,207 shares in the real estate fund, having previously sold 578 shares in the market. At the end of the last reporting period, the value of Strs. Ohio’s stake in Alexander’s was calculated at $461,000.
Recently, changes have been made to the positions held by several other hedge funds in relation to their holdings in ALX. Amalgamated Bank made a new investment in Alexander’s worth approximately $90,000 during the first three months of the year. During the second quarter, BNP Paribas Arbitrage SA achieved a 70.9 percent increase in the percentage of Alexander shares it owns. BNP Paribas Arbitrage SA’s total holdings have increased to 598 shares valued at $133,000; this increases the total number of shares in the real estate fund to 598. The total number of shares in the real estate fund increased to 598 after a further 248 shares were acquired in the reporting period. Millennium Management LLC made a new investment in the Alexander’s restaurant chain in the second quarter of the year. The value of this new investment was approximately $205,000. During the first three months of 2018, Guggenheim Capital LLC acquired a new interest in Alexander’s, valued at approximately $220,000. Finally, in the third quarter, the Alaska Department of Treasury increased its portfolio holdings in Alexander’s by 5.2% by purchasing additional shares in the company on top of those it already owns. The Alaska Department of Treasury now has 1,068 Real Estate Investment Trust shares. This is because the department made an additional purchase of 53 shares during the period. According to the current market, the total value of these shares is $222,000. Institutional investors and hedge funds together hold 33.94% of the company’s shares.
Numerous stock research experts have added their knowledge to articles that have been written about ALX stock. Piper Sandler raised the target price on Alexander’s shares from its previous level of $125.00 to a new level of $160.00, according to a report published by Piper Sandler on Nov. 4. The first day StockNews.com reported on Alexander’s stock was Wednesday, October 12th. They advised their clients to “hold” the stock going forward.
On Thursday, a single share of Alexander was priced at $231.99 at the start of trading. The company’s market cap is currently valued at $1.19 billion, its PE ratio is 9.73 and its beta is currently 0.70. The current value of the company’s beta is 0.70. Alexander’s, Inc. bottomed at $200.96 for the past year of operations while the company hit a 52-week high of $268.53. The debt to equity ratio is 4.39, the quick cash flow to current cash flow ratio is 10.79, and the current cash flow to quick cash flow ratio is also 10.79. The company’s 200-day moving average share price is $231.59 and its 50-day moving average share price is 231.61.
In addition, the company recently announced and paid a quarterly dividend, which was paid on November 18 of this year. The dividend was approved and paid out. On Monday, November 7th, the already registered investors received a dividend payment of USD 4.50 per share. Last Friday, November 4th, customers had to pay the dividend. As a result of this calculation, we got a dividend yield of 7.76% and an annualized dividend amount of $18.00. At Alexander, the payout percentage is 75.47% of the total amount.
Real estate investment trust Alexander’s, Inc. owns