AlphaQuest LLC Buys New Shares in Alexander’s, Inc. $ALX

AlphaQuest LLC bought a new position in Alexander’s, Inc. (NYSE:ALX) in the 3rd quarter, Holdings Channel.com reports. The fund bought 2,368 shares of the real estate investment trust’s stock, valued at approximately $555,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in shares of Alexander’s by 625.0% in the second quarter. EverSource Wealth Advisors LLC now owns 116 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in shares of Alexander’s by 177.8% during the second quarter. Cullen Frost Bankers Inc. now owns 200 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 128 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Alexander’s by 89.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 208 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 98 shares during the period. Strs Ohio purchased a new position in Alexander’s in the 1st quarter worth approximately $84,000. Finally, CWM LLC lifted its holdings in Alexander’s by 275.0% in the 2nd quarter. CWM LLC now owns 450 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 330 shares in the last quarter. 31.99% of the stock is owned by institutional investors.

Alexander’s Stock Up 1.2%

Shares of ALX opened at $253.57 on Thursday. The company has a debt-to-equity ratio of 7.69, a current ratio of 10.36 and a quick ratio of 10.36. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 35.51 and a beta of 0.82. Alexander’s, Inc. has a 1 year low of $189.05 and a 1 year high of $260.84. The business’s 50 day simple moving average is $226.14 and its 200-day simple moving average is $229.53.

Alexander’s (NYSE:ALX) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.41. Alexander’s had a net margin of 16.99% and a return on equity of 23.91%. The company had revenue of $53.42 million for the quarter, compared to analysts’ expectations of $51.60 million. As a group, equities analysts expect that Alexander’s, Inc. will post 11.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ALX has been the subject of a number of research analyst reports. Zacks Research raised shares of Alexander’s from a “hold” rating to a “strong-buy” rating in a report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alexander’s in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Alexander’s Profile

Alexander’s (NYSE: ALX) is a publicly traded real estate investment trust focused on owning, leasing and managing commercial properties in the New York metropolitan area. The company’s portfolio encompasses office buildings, retail storefronts and parking facilities, all held on a wholly owned basis. By concentrating on prime urban and suburban locations, Alexander’s seeks to generate stable rental income and long-term asset appreciation.

Founded in 1928 as a family-run department store chain, Alexander’s transitioned during the early 1990s into a pure-play real estate company following the sale of its retail operations.