Alexander's (NYSE:ALX) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Alexander's received a "hold (c)" rating from Weiss Ratings, maintaining a consensus rating of "Hold" from multiple analysts.
• The company's stock is currently trading at $239.98, up by 0.4% with a market capitalization of $1.23 billion.
• A recent quarterly earnings report revealed an EPS of $2.88, missing estimates, with revenue reported at $51.59 million.

Alexander's (NYSE:ALX - Get Free Report)'s stock had its "hold (c)" rating reissued by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Zacks Research upgraded shares of Alexander's from a "strong sell" rating to a "hold" rating in a research note on Friday, October 3rd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

Alexander's Trading Up 0.4%

Shares of NYSE:ALX traded up $1.04 during mid-day trading on Wednesday, hitting $239.98. The company had a trading volume of 47,240 shares, compared to its average volume of 38,538. The firm has a fifty day moving average price of $232.38 and a 200 day moving average price of $224.64. The company has a market capitalization of $1.23 billion, a PE ratio of 32.96 and a beta of 0.86. The company has a debt-to-equity ratio of 6.79, a current ratio of 9.78 and a quick ratio of 9.78. Alexander's has a one year low of $184.76 and a one year high of $260.84.

Alexander's (NYSE:ALX - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $2.88 EPS for the quarter, missing analysts' consensus estimates of $3.08 by ($0.20). The business had revenue of $51.59 million for the quarter, compared to the consensus estimate of $51.90 million. Alexander's had a net margin of 17.14% and a return on equity of 22.12%. As a group, research analysts forecast that Alexander's will post 11.5 EPS for the current year.

Hedge Funds Weigh In On Alexander's

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its holdings in shares of Alexander's by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 355,152 shares of the real estate investment trust's stock worth $74,284,000 after buying an additional 12,060 shares during the last quarter. Nuveen LLC purchased a new stake in Alexander's during the first quarter valued at about $62,118,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Alexander's by 5.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,391 shares of the real estate investment trust's stock valued at $15,860,000 after purchasing an additional 3,892 shares during the last quarter. H 2 Credit Manager LP purchased a new stake in Alexander's during the first quarter valued at about $13,663,000. Finally, Denali Advisors LLC lifted its holdings in Alexander's by 2.1% during the first quarter. Denali Advisors LLC now owns 29,925 shares of the real estate investment trust's stock valued at $6,259,000 after purchasing an additional 610 shares during the last quarter. 31.99% of the stock is owned by hedge funds and other institutional investors.

Alexander's Company Profile

Alexander's, Inc NYSE: ALX is a real estate investment trust (REIT), incorporated in Delaware, engaged in leasing, managing, developing and redeveloping its properties. All references to we, us, our, Company and Alexander's refer to Alexander's, Inc and its consolidated subsidiaries. We are managed by, and our properties are leased and developed by, Vornado Realty Trust (Vornado) NYSE: VNO.

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