StockNews.com upgraded shares of Alexander’s (NYSE:ALX – Free Report) from a hold rating to a buy rating in a report released on Tuesday morning.
Separately, Piper Sandler lowered their target price on shares of Alexander’s from $145.00 to $135.00 and set an underweight rating on the stock in a report on Monday, July 22nd.
Alexander’s Price Performance
Alexander’s Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 12th will be issued a $4.50 dividend. The ex-dividend date is Monday, August 12th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 7.92%. Alexander’s’s dividend payout ratio is presently 86.04%.
Institutional Investors Weigh In On Alexander’s
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new stake in Alexander’s in the 1st quarter valued at about $114,000. SG Americas Securities LLC purchased a new stake in shares of Alexander’s during the 4th quarter worth approximately $115,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Alexander’s during the 1st quarter worth approximately $122,000. Daiwa Securities Group Inc. increased its stake in shares of Alexander’s by 7.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 695 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 50 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of Alexander’s during the 1st quarter worth approximately $201,000. Hedge funds and other institutional investors own 31.99% of the company’s stock.
Alexander’s Company Profile
Alexander's, Inc is a real estate investment trust which has five properties in New York City.
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