BlackRock Inc. Boosts Stake in Alexander’s, Inc. (ALX)

BlackRock Inc. grew its holdings in Alexander’s, Inc. (NYSE:ALX) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 221,264 shares of the real estate investment trust’s stock after purchasing an additional 11,573 shares during the period. BlackRock Inc. owned approximately 4.33% of Alexander’s worth $84,663,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Northern Trust Corp raised its position in shares of Alexander’s by 3.9% in the first quarter. Northern Trust Corp now owns 46,800 shares of the real estate investment trust’s stock valued at $17,842,000 after purchasing an additional 1,774 shares during the period. Dimensional Fund Advisors LP increased its holdings in Alexander’s by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 45,519 shares of the real estate investment trust’s stock worth $17,353,000 after acquiring an additional 1,143 shares during the period. Bank of New York Mellon Corp increased its holdings in Alexander’s by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 25,079 shares of the real estate investment trust’s stock worth $9,596,000 after acquiring an additional 443 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Alexander’s by 4.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 16,659 shares of the real estate investment trust’s stock worth $6,375,000 after acquiring an additional 716 shares during the period. Finally, Legal & General Group Plc increased its holdings in Alexander’s by 18.0% during the 1st quarter. Legal & General Group Plc now owns 7,309 shares of the real estate investment trust’s stock worth $2,786,000 after acquiring an additional 1,113 shares during the period. 33.39% of the stock is currently owned by institutional investors.

Alexander’s stock opened at $343.00 on Monday. The company has a debt-to-equity ratio of 3.80, a quick ratio of 12.09 and a current ratio of 12.09. The company has a market cap of $1.75 billion, a P/E ratio of 15.93 and a beta of 0.43. Alexander’s, Inc. has a 1-year low of $332.98 and a 1-year high of $436.80.

Alexander’s (NYSE:ALX) last posted its earnings results on Monday, July 30th. The real estate investment trust reported $5.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.31 by ($0.20). The firm had revenue of $58.25 million for the quarter. Alexander’s had a return on equity of 23.02% and a net margin of 19.83%.

Separately, ValuEngine raised shares of Alexander’s from a “sell” rating to a “hold” rating in a report on Monday, July 2nd.

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

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