Alexander’s (ALX) Downgraded by TheStreet

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TheStreet downgraded shares of Alexander’s (NYSE:ALX) from a b rating to a c+ rating in a report issued on Monday.

Separately, ValuEngine upgraded Alexander’s from a sell rating to a hold rating in a research report on Monday, July 2nd.

ALX opened at $315.01 on Monday. The stock has a market capitalization of $1.67 billion, a P/E ratio of 15.90 and a beta of 0.43. Alexander’s has a 12 month low of $314.41 and a 12 month high of $436.80. The company has a quick ratio of 12.09, a current ratio of 12.09 and a debt-to-equity ratio of 3.80.

Alexander’s (NYSE:ALX) last released its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $5.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.31 by ($0.20). The company had revenue of $58.25 million during the quarter. Alexander’s had a return on equity of 21.76% and a net margin of 17.47%.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Investors of record on Monday, November 5th will be given a $4.50 dividend. The ex-dividend date is Friday, November 2nd. This represents a $18.00 annualized dividend and a yield of 5.71%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Alexander’s by 5.5% during the second quarter. BlackRock Inc. now owns 221,264 shares of the real estate investment trust’s stock valued at $84,663,000 after buying an additional 11,573 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Alexander’s by 9.9% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,864 shares of the real estate investment trust’s stock valued at $1,478,000 after buying an additional 347 shares during the period. Citadel Advisors LLC purchased a new position in shares of Alexander’s during the second quarter valued at approximately $1,277,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Alexander’s by 507.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 431 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 360 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in shares of Alexander’s during the second quarter valued at approximately $293,000. Institutional investors own 33.39% of the company’s stock.

About Alexander’s

Alexander's, Inc (NYSE: ALX) is a real estate investment trust (?REIT?), incorporated in Delaware, engaged in leasing, managing, developing and redeveloping its properties. We are managed by, and our properties are leased and developed by, Vornado Realty Trust (?Vornado?) (NYSE: VNO). We have seven properties in the greater New York City metropolitan area.

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