Alexander’s (NYSE:ALX) Rating Lowered to Hold at StockNews.com

Alexander’s (NYSE:ALXGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Separately, Zacks Investment Research downgraded Alexander’s from a “hold” rating to a “sell” rating in a research report on Thursday, May 5th.

Shares of ALX stock traded up $1.47 during trading hours on Monday, reaching $234.22. 14,015 shares of the company’s stock were exchanged, compared to its average volume of 12,658. The stock’s 50 day moving average is $250.50 and its 200-day moving average is $256.95. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 9.27 and a beta of 0.56. The company has a current ratio of 16.13, a quick ratio of 16.13 and a debt-to-equity ratio of 4.26. Alexander’s has a fifty-two week low of $227.34 and a fifty-two week high of $299.99.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. increased its position in shares of Alexander’s by 3,600.0% in the 3rd quarter. Advisor Group Holdings Inc. now owns 111 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 108 shares during the period. New York State Teachers Retirement System purchased a new stake in Alexander’s in the first quarter valued at $51,000. Penserra Capital Management LLC purchased a new stake in Alexander’s in the third quarter valued at $85,000. BNP Paribas Arbitrage SA boosted its holdings in Alexander’s by 142.2% in the third quarter. BNP Paribas Arbitrage SA now owns 436 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 256 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Alexander’s by 10.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 573 shares of the real estate investment trust’s stock valued at $149,000 after purchasing an additional 56 shares during the last quarter.

About Alexander’s (Get Rating)

Alexander's, Inc is a real estate investment trust which has seven properties in the greater New York City metropolitan area.

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