StockNews.com Downgrades Alexander’s (NYSE:ALX) to Hold

Alexander’s (NYSE:ALXGet Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Separately, Piper Sandler decreased their target price on shares of Alexander’s from $160.00 to $145.00 and set an “underweight” rating on the stock in a research note on Monday, May 13th.

Read Our Latest Report on Alexander’s

Alexander’s Stock Up 0.6 %

Shares of NYSE ALX opened at $219.35 on Friday. The company has a quick ratio of 14.35, a current ratio of 14.35 and a debt-to-equity ratio of 4.75. Alexander’s has a 52-week low of $162.50 and a 52-week high of $237.18. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 10.49 and a beta of 0.79. The company’s 50-day simple moving average is $214.44 and its 200-day simple moving average is $215.07.

Hedge Funds Weigh In On Alexander’s

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in Alexander’s by 3.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,265 shares of the real estate investment trust’s stock worth $709,000 after purchasing an additional 95 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Alexander’s during the first quarter worth approximately $114,000. CANADA LIFE ASSURANCE Co raised its position in Alexander’s by 7.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,119 shares of the real estate investment trust’s stock valued at $243,000 after purchasing an additional 73 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of Alexander’s by 14.3% during the first quarter. Inspire Investing LLC now owns 2,012 shares of the real estate investment trust’s stock worth $437,000 after buying an additional 251 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Alexander’s by 15.6% during the first quarter. Sei Investments Co. now owns 1,944 shares of the real estate investment trust’s stock worth $422,000 after purchasing an additional 262 shares during the last quarter. 31.99% of the stock is currently owned by hedge funds and other institutional investors.

About Alexander’s

(Get Free Report)

Alexander's, Inc is a real estate investment trust which has five properties in New York City.

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