Alexander’s, Inc. (ALX) Position Boosted by OxFORD Asset Management LLP
OxFORD Asset Management LLP boosted its stake in Alexander’s, Inc. (NYSE:ALX) by 89.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,529 shares of the real estate investment trust’s stock after buying an additional 722 shares during the period. OxFORD Asset Management LLP’s holdings in Alexander’s were worth $644,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in ALX. Renaissance Technologies LLC grew its position in Alexander’s by 32.7% in the 2nd quarter. Renaissance Technologies LLC now owns 60,500 shares of the real estate investment trust’s stock valued at $25,498,000 after buying an additional 14,900 shares in the last quarter. Vanguard Group Inc. grew its position in Alexander’s by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 366,170 shares of the real estate investment trust’s stock valued at $154,326,000 after buying an additional 3,720 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in Alexander’s by 139.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,098 shares of the real estate investment trust’s stock valued at $1,727,000 after buying an additional 2,383 shares in the last quarter. Granite Investment Advisors LLC grew its position in Alexander’s by 37.2% in the 2nd quarter. Granite Investment Advisors LLC now owns 7,410 shares of the real estate investment trust’s stock valued at $3,212,000 after buying an additional 2,010 shares in the last quarter. Finally, Northern Trust Corp grew its position in Alexander’s by 4.5% in the 2nd quarter. Northern Trust Corp now owns 44,995 shares of the real estate investment trust’s stock valued at $18,964,000 after buying an additional 1,946 shares in the last quarter. Hedge funds and other institutional investors own 35.95% of the company’s stock.
Alexander’s, Inc. (NYSE:ALX) opened at 429.99 on Wednesday. The company has a 50-day moving average of $424.19 and a 200-day moving average of $423.85. Alexander’s, Inc. has a 12 month low of $369.33 and a 12 month high of $451.99. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 25.87 and a beta of 0.67.
Alexander’s (NYSE:ALX) last released its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $5.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.71 by ($0.11). Alexander’s had a net margin of 37.16% and a return on equity of 24.22%. The business had revenue of $57.19 million during the quarter. Analysts predict that Alexander’s, Inc. will post $23.23 EPS for the current year.
Separately, BidaskClub upgraded shares of Alexander’s from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th.
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Alexander’s Company Profile
Alexander’s, Inc is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. It is managed by, and its properties are leased and developed by, Vornado Realty Trust (Vornado). As of December 31, 2016, the Company had seven properties in the greater New York City metropolitan area consisting of 731 Lexington Avenue; Rego Park I; Rego Park II; The Alexander apartment tower; Paramus, and Flushing.
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