Healthcare of Ontario Pension Plan Trust Fund Sells 9,800 Shares of Alexander’s, Inc. $ALX

Healthcare of Ontario Pension Plan Trust Fund lowered its position in Alexander’s, Inc. (NYSE:ALX) by 22.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 33,800 shares of the real estate investment trust’s stock after selling 9,800 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Alexander’s were worth $7,984,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in shares of Alexander’s by 625.0% during the second quarter. EverSource Wealth Advisors LLC now owns 116 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Van ECK Associates Corp bought a new stake in Alexander’s in the 3rd quarter worth about $32,000. Garton & Associates Financial Advisors LLC bought a new stake in Alexander’s in the 4th quarter worth about $38,000. Tower Research Capital LLC TRC increased its stake in Alexander’s by 89.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 208 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 98 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in Alexander’s by 104.0% in the 3rd quarter. Larson Financial Group LLC now owns 204 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 104 shares during the last quarter. 31.99% of the stock is owned by institutional investors.

Alexander’s Trading Down 0.9%

NYSE ALX opened at $265.59 on Wednesday. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 66.40 and a beta of 0.76. Alexander’s, Inc. has a one year low of $201.28 and a one year high of $289.43. The company has a debt-to-equity ratio of 9.17, a current ratio of 6.92 and a quick ratio of 6.92. The business’s fifty day moving average is $265.68 and its 200-day moving average is $249.15.

Alexander’s (NYSE:ALX) last issued its quarterly earnings results on Monday, May 4th. The real estate investment trust reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $3.08 by ($2.17). The company had revenue of $53.41 million during the quarter, compared to analysts’ expectations of $53.40 million. Alexander’s had a return on equity of 17.38% and a net margin of 9.72%. Equities research analysts predict that Alexander’s, Inc. will post 11.87 EPS for the current year.

Insider Buying and Selling

In other Alexander’s news, Director Russell B. Wight, Jr. sold 423 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $267.00, for a total value of $112,941.00. Following the transaction, the director directly owned 900 shares in the company, valued at $240,300. The trade was a 31.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 26.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Piper Sandler boosted their target price on Alexander’s from $190.00 to $212.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alexander’s in a research report on Friday, July 17th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $212.00.

About Alexander’s

Alexander’s (NYSE: ALX) is a publicly traded real estate investment trust focused on owning, leasing and managing commercial properties in the New York metropolitan area. The company’s portfolio encompasses office buildings, retail storefronts and parking facilities, all held on a wholly owned basis. By concentrating on prime urban and suburban locations, Alexander’s seeks to generate stable rental income and long-term asset appreciation.

Founded in 1928 as a family-run department store chain, Alexander’s transitioned during the early 1990s into a pure-play real estate company following the sale of its retail operations.