Bank of New York Mellon Corp increased its position in shares of Alexander’s, Inc. (NYSE:ALX) by 1.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,290 shares of the real estate investment trust’s stock after purchasing an additional 369 shares during the quarter. Bank of New York Mellon Corp owned 0.50% of Alexander’s worth $10,659,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ALX. SG Americas Securities LLC bought a new stake in Alexander’s in the second quarter valued at $101,000. Russell Investments Group Ltd. lifted its stake in Alexander’s by 77.0% in the second quarter. Russell Investments Group Ltd. now owns 1,377 shares of the real estate investment trust’s stock valued at $580,000 after buying an additional 599 shares during the last quarter. Bessemer Group Inc. lifted its stake in Alexander’s by 8.8% in the second quarter. Bessemer Group Inc. now owns 3,708 shares of the real estate investment trust’s stock valued at $1,563,000 after buying an additional 300 shares during the last quarter. Granite Investment Advisors LLC lifted its stake in Alexander’s by 37.2% in the second quarter. Granite Investment Advisors LLC now owns 7,410 shares of the real estate investment trust’s stock valued at $3,212,000 after buying an additional 2,010 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Alexander’s by 2.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 18,683 shares of the real estate investment trust’s stock valued at $7,875,000 after buying an additional 476 shares during the last quarter. Hedge funds and other institutional investors own 35.95% of the company’s stock.

Separately, BidaskClub upgraded Alexander’s from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th.

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Shares of Alexander’s, Inc. (NYSE:ALX) opened at 423.88 on Tuesday. The company has a market capitalization of $2.16 billion, a PE ratio of 25.50 and a beta of 0.65. Alexander’s, Inc. has a 52 week low of $369.33 and a 52 week high of $451.99. The company’s 50 day moving average is $418.54 and its 200-day moving average is $423.09.

Alexander’s (NYSE:ALX) last posted its quarterly earnings data 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 business had revenue of $57.19 million during the quarter. Alexander’s had a return on equity of 24.22% and a net margin of 37.16%. On average, analysts expect that Alexander’s, Inc. will post $23.23 EPS for the current fiscal year.

Alexander’s Profile

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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Institutional Ownership by Quarter for Alexander`s (NYSE:ALX)

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