Alexander’s (NYSE:ALX) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of Alexander’s (NYSE:ALXFree Report) from a hold rating to a buy rating in a report released on Thursday.

Separately, Piper Sandler cut their price target on Alexander’s from $160.00 to $145.00 and set an underweight rating on the stock in a research report on Monday, May 13th.

Read Our Latest Analysis on Alexander’s

Alexander’s Stock Up 1.1 %

ALX opened at $213.48 on Thursday. Alexander’s has a one year low of $162.50 and a one year high of $237.18. The company has a debt-to-equity ratio of 4.75, a quick ratio of 14.35 and a current ratio of 14.35. The stock has a market capitalization of $1.09 billion, a P/E ratio of 10.20 and a beta of 0.79. The business’s 50-day simple moving average is $215.16 and its 200-day simple moving average is $212.49.

Alexander’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 13th were paid a $4.50 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $18.00 dividend on an annualized basis and a yield of 8.43%. Alexander’s’s dividend payout ratio is presently 86.04%.

Institutional Investors Weigh In On Alexander’s

Hedge funds have recently made changes to their positions in the business. Jump Financial LLC acquired a new stake in Alexander’s during the 3rd quarter worth approximately $219,000. New York State Common Retirement Fund lifted its holdings in shares of Alexander’s by 62.6% during the third quarter. New York State Common Retirement Fund now owns 5,718 shares of the real estate investment trust’s stock worth $1,042,000 after purchasing an additional 2,201 shares during the period. Quantbot Technologies LP purchased a new position in Alexander’s in the 3rd quarter valued at $77,000. Mutual of America Capital Management LLC increased its stake in Alexander’s by 2.1% in the 3rd quarter. Mutual of America Capital Management LLC now owns 7,726 shares of the real estate investment trust’s stock valued at $1,408,000 after buying an additional 158 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in 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 last quarter. Institutional investors and hedge funds own 31.99% of the company’s stock.

Alexander’s Company Profile

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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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