Martingale Asset Management L P Acquires 1,100 Shares of Alexander’s, Inc. (ALX)

Martingale Asset Management L P raised its holdings in Alexander’s, Inc. (NYSE:ALX) by 15.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,308 shares of the real estate investment trust’s stock after purchasing an additional 1,100 shares during the quarter. Martingale Asset Management L P owned 0.16% of Alexander’s worth $3,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of ALX. Bank of New York Mellon Corp lifted its holdings in Alexander’s by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 25,290 shares of the real estate investment trust’s stock worth $10,659,000 after purchasing an additional 369 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Alexander’s by 2.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 18,683 shares of the real estate investment trust’s stock worth $7,875,000 after acquiring an additional 476 shares during the last quarter. Granite Investment Advisors LLC increased its stake in Alexander’s by 37.2% in the 2nd quarter. Granite Investment Advisors LLC now owns 7,410 shares of the real estate investment trust’s stock worth $3,212,000 after acquiring an additional 2,010 shares during the last quarter. Legal & General Group Plc increased its position in shares of Alexander’s by 5.7% during the 2nd quarter. Legal & General Group Plc now owns 5,328 shares of the real estate investment trust’s stock valued at $2,246,000 after purchasing an additional 289 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Alexander’s by 5.3% during the 2nd quarter. Swiss National Bank now owns 4,000 shares of the real estate investment trust’s stock valued at $1,686,000 after purchasing an additional 200 shares during the last quarter. 35.95% of the stock is currently owned by hedge funds and other institutional investors.

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Alexander’s, Inc. (NYSE:ALX) opened at 421.07 on Friday. The firm’s 50-day moving average price is $418.54 and its 200-day moving average price is $423.09. The stock has a market cap of $2.15 billion, a PE ratio of 25.33 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.

Alexander’s (NYSE:ALX) last released its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $5.60 EPS for the quarter, missing the consensus estimate of $5.71 by ($0.11). The business 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%. Equities analysts predict that Alexander’s, Inc. will post $23.23 earnings per share for the current fiscal year.

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

Alexander’s Company 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.

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

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