Billionaire Marc Lasry’s Top 5 Stock Picks

4. Alexander’s, Inc. (NYSE:ALX)

Avenue Capital’s Q2 2023 Investment: $7.1 million

Number of Hedge Fund Investors in Q2 2023: 5

Alexander’s, Inc. (NYSE:ALX) is a real estate investment trust with a small presence in New York City. Since it’s a REIT, the firm is mandated to pay out most of its earnings as dividends in order to receive certain tax exemptions. Looking at this dividend, Alexander’s, Inc. (NYSE:ALX) pays out a $4.5 quarterly dividend, which gives it a high dividend yield of 10.13% based on the latest share price.

By the end of this year’s second quarter, five out of the 910 hedge funds part of Insider Monkey’s research were the firm’s shareholders. Alexander’s, Inc. (NYSE:ALX)’s biggest investor in our database is Frank Brosens’s Taconic Capital due to its $25.1 million stake.

Follow Alexanders Inc (NYSE:ALX)