Parametric Portfolio Associates LLC Buys 2,187 Shares of Alexander’s, Inc. (NYSE:ALX)

Parametric Portfolio Associates LLC boosted its stake in shares of Alexander’s, Inc. (NYSE:ALX) by 60.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,804 shares of the real estate investment trust’s stock after purchasing an additional 2,187 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.11% of Alexander’s worth $1,602,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Alexander’s in the fourth quarter valued at about $10,839,000. Geode Capital Management LLC boosted its position in shares of Alexander’s by 15.9% in the fourth quarter. Geode Capital Management LLC now owns 30,836 shares of the real estate investment trust’s stock valued at $10,186,000 after acquiring an additional 4,224 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Alexander’s by 30.2% in the first quarter. Bank of New York Mellon Corp now owns 26,237 shares of the real estate investment trust’s stock valued at $7,239,000 after acquiring an additional 6,090 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Alexander’s by 79.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 22,794 shares of the real estate investment trust’s stock valued at $7,530,000 after acquiring an additional 10,060 shares during the period. Finally, Martingale Asset Management L P boosted its position in shares of Alexander’s by 0.8% in the first quarter. Martingale Asset Management L P now owns 13,111 shares of the real estate investment trust’s stock valued at $3,619,000 after acquiring an additional 100 shares during the period. 35.77% of the stock is owned by hedge funds and other institutional investors.

ALX stock opened at $242.00 on Wednesday. The company has a market cap of $1.22 billion, a PE ratio of 26.51 and a beta of 0.57. The business has a 50-day simple moving average of $254.60 and a 200 day simple moving average of $294.94. Alexander’s, Inc. has a 52 week low of $223.02 and a 52 week high of $394.70. The company has a quick ratio of 15.00, a current ratio of 14.99 and a debt-to-equity ratio of 4.76.

Alexander’s (NYSE:ALX) last posted its quarterly earnings results on Monday, May 4th. The real estate investment trust reported $3.12 EPS for the quarter, missing the Zacks’ consensus estimate of $3.33 by ($0.21). The company had revenue of $54.11 million during the quarter, compared to analyst estimates of $56.20 million. Alexander’s had a net margin of 20.92% and a return on equity of 18.36%. On average, analysts anticipate that Alexander’s, Inc. will post 13.41 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on ALX shares. Piper Sandler cut shares of Alexander’s from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $300.00 to $280.00 in a research report on Monday, May 4th. Zacks Investment Research downgraded Alexander’s from a “hold” rating to a “sell” rating in a research note on Monday, June 1st.

About Alexander’s

Alexander’s, Inc is a real estate investment trust, which engages in leasing, managing, development and redeveloping its properties. Its operating properties are located in the greater New York City metropolitan area. The company was founded on May 16, 1955 and is headquartered in Paramus, NJ.

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

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