Russell B. Wight, Jr. Sells 2,000 Shares of Alexander’s, Inc. (NYSE:ALX) Stock

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Alexander’s, Inc. (NYSE:ALX) Director Russell B. Wight, Jr. sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $390.11, for a total transaction of $780,220.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NYSE:ALX opened at $377.25 on Wednesday. The company has a market capitalization of $1.92 billion, a P/E ratio of 19.45 and a beta of 0.48. Alexander’s, Inc. has a one year low of $295.75 and a one year high of $394.50. The company has a quick ratio of 13.09, a current ratio of 13.09 and a debt-to-equity ratio of 3.45.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Monday, May 6th were paid a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend was Friday, May 3rd.

Separately, TheStreet raised shares of Alexander’s from a “c+” rating to a “b” rating in a research note on Monday, May 6th.

Several hedge funds have recently added to or reduced their stakes in the company. EMS Capital LP raised its stake in shares of Alexander’s by 2.2% during the first quarter. EMS Capital LP now owns 93,745 shares of the real estate investment trust’s stock valued at $35,264,000 after acquiring an additional 2,014 shares during the last quarter. Zebra Capital Management LLC raised its stake in shares of Alexander’s by 13.7% during the first quarter. Zebra Capital Management LLC now owns 1,136 shares of the real estate investment trust’s stock valued at $427,000 after acquiring an additional 137 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Alexander’s by 10.8% during the first quarter. Geode Capital Management LLC now owns 39,162 shares of the real estate investment trust’s stock valued at $14,731,000 after acquiring an additional 3,822 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Alexander’s by 3.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 18,572 shares of the real estate investment trust’s stock valued at $6,987,000 after acquiring an additional 601 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Alexander’s by 5.9% during the first quarter. Renaissance Technologies LLC now owns 87,464 shares of the real estate investment trust’s stock valued at $32,901,000 after acquiring an additional 4,864 shares during the last quarter. 34.30% of the stock is owned by hedge funds and other institutional investors.

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Alexander’s Company Profile

Alexander’s, Inc is a real estate investment trust, which engages in leasing, managing, development and redeveloping its properties. Its operating properties are located in the greater New York City metropolitan area. The company was founded on May 16, 1955 and is headquartered in Paramus, NJ.

Further Reading: What is Cost of Goods Sold (COGS)?

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