StockNews.com cut shares of Alexander’s (NYSE:ALX – Free Report) from a buy rating to a hold rating in a report released on Monday morning.
Separately, Piper Sandler cut their price target on Alexander’s from $145.00 to $135.00 and set an underweight rating for the company in a research note on Monday.
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Alexander’s Stock Down 0.2 %
Alexander’s Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 13th were paid a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date was Friday, May 10th. Alexander’s’s payout ratio is 86.04%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC bought a new position in shares of Alexander’s in the 1st quarter valued at approximately $114,000. SG Americas Securities LLC bought a new position in Alexander’s in the 4th quarter worth approximately $115,000. Allspring Global Investments Holdings LLC bought a new position in Alexander’s in the 1st quarter worth approximately $122,000. Daiwa Securities Group Inc. increased its position in Alexander’s by 7.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 695 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 50 shares during the period. Finally, Principal Financial Group Inc. bought a new position in Alexander’s in the 1st quarter worth approximately $201,000. 31.99% of the stock is owned by institutional investors.
About Alexander’s
Alexander's, Inc is a real estate investment trust which has five properties in New York City.
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