News stories about Alexander’s (NYSE:ALX) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alexander’s earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 45.35586173264 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Alexander’s (NYSE:ALX) opened at 429.80 on Wednesday. Alexander’s has a 52-week low of $369.33 and a 52-week high of $451.99. The stock’s 50 day moving average price is $422.49 and its 200 day moving average price is $423.75. The firm has a market capitalization of $2.19 billion, a PE ratio of 25.86 and a beta of 0.67.
Alexander’s (NYSE:ALX) last issued its earnings results on Monday, July 31st. The real estate investment trust reported $5.60 EPS for the quarter, missing analysts’ consensus estimates of $5.71 by ($0.11). The firm had revenue of $57.19 million during the quarter. Alexander’s had a net margin of 37.16% and a return on equity of 24.22%. On average, analysts predict that Alexander’s will post $23.23 EPS for the current fiscal year.
Separately, BidaskClub raised Alexander’s from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th.
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Alexander’s, Inc is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. It is managed by, and its properties are leased and developed by, Vornado Realty Trust (Vornado). As of December 31, 2016, the Company had seven properties in the greater New York City metropolitan area consisting of 731 Lexington Avenue; Rego Park I; Rego Park II; The Alexander apartment tower; Paramus, and Flushing.
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