Alexander's (NYSE:ALX - Get Free Report) had its price objective decreased by stock analysts at Piper Sandler from $160.00 to $145.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an "underweight" rating on the real estate investment trust's stock. Piper Sandler's price target points to a potential downside of 33.30% from the stock's previous close.
Separately, StockNews.com lowered shares of Alexander's from a "buy" rating to a "hold" rating in a research report on Friday.
View Our Latest Stock Analysis on ALX
Alexander's Stock Performance
NYSE:ALX traded down $5.76 during mid-day trading on Monday, hitting $217.40. 9,737 shares of the company's stock traded hands, compared to its average volume of 9,000. The company has a current ratio of 14.35, a quick ratio of 14.35 and a debt-to-equity ratio of 4.75. The firm has a 50 day moving average of $215.25 and a two-hundred day moving average of $209.80. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 10.18 and a beta of 0.77. Alexander's has a 12 month low of $155.60 and a 12 month high of $237.18.
Hedge Funds Weigh In On Alexander's
Several large investors have recently added to or reduced their stakes in ALX. Daiwa Securities Group Inc. boosted its position in shares of Alexander's by 7.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 695 shares of the real estate investment trust's stock valued at $151,000 after acquiring an additional 50 shares in the last quarter. Signaturefd LLC grew its stake in shares of Alexander's by 17.5% in the 3rd quarter. Signaturefd LLC now owns 370 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 55 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Alexander's by 119.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 138 shares of the real estate investment trust's stock worth $25,000 after buying an additional 75 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Alexander's by 3.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,390 shares of the real estate investment trust's stock valued at $510,000 after acquiring an additional 80 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Alexander's by 3.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,660 shares of the real estate investment trust's stock valued at $485,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 31.99% of the company's stock.
About Alexander's
(
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Alexander's, Inc is a real estate investment trust which has five properties in New York City.
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