Alexander’s, Inc. (NYSE:ALX) Stake Reduced by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its stake in Alexander’s, Inc. (NYSE:ALX) by 8.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,547 shares of the real estate investment trust’s stock after selling 141 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Alexander’s were worth $309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ALX. Franklin Resources Inc. lifted its position in Alexander’s by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 52 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Alexander’s by 7.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,290 shares of the real estate investment trust’s stock valued at $290,000 after buying an additional 86 shares during the period. Inspire Investing LLC raised its holdings in Alexander’s by 7.2% during the third quarter. Inspire Investing LLC now owns 1,679 shares of the real estate investment trust’s stock worth $407,000 after purchasing an additional 113 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Alexander’s by 11.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust’s stock valued at $270,000 after purchasing an additional 115 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of Alexander’s by 4.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 3,142 shares of the real estate investment trust’s stock valued at $761,000 after purchasing an additional 144 shares during the period. Institutional investors and hedge funds own 31.99% of the company’s stock.

Alexander’s Trading Down 2.3 %

Shares of Alexander’s stock opened at $186.70 on Thursday. Alexander’s, Inc. has a fifty-two week low of $184.76 and a fifty-two week high of $251.63. The company has a quick ratio of 10.21, a current ratio of 10.21 and a debt-to-equity ratio of 5.18. The firm has a market cap of $953.49 million, a price-to-earnings ratio of 20.21 and a beta of 0.84. The business has a fifty day simple moving average of $203.81 and a 200-day simple moving average of $221.18.

Alexander’s (NYSE:ALX) last released its earnings results on Monday, November 4th. The real estate investment trust reported $1.30 EPS for the quarter, missing the consensus estimate of $2.57 by ($1.27). The business had revenue of $55.68 million for the quarter, compared to analyst estimates of $53.50 million. Alexander’s had a net margin of 20.33% and a return on equity of 21.79%. During the same period in the prior year, the company earned $3.63 earnings per share. On average, equities analysts forecast that Alexander’s, Inc. will post 14.84 EPS for the current fiscal year.

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).