Alliancebernstein L.P. reduced its holdings in shares of Alexander’s, Inc. (NYSE:ALX) by 17.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,911 shares of the real estate investment trust’s stock after selling 805 shares during the quarter. Alliancebernstein L.P. owned approximately 0.08% of Alexander’s worth $1,648,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Wells Fargo & Company MN grew its stake in shares of Alexander’s by 1.1% during the 2nd quarter. Wells Fargo & Company MN now owns 1,729 shares of the real estate investment trust’s stock worth $728,000 after acquiring an additional 18 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Alexander’s by 5.3% in the 2nd quarter. Swiss National Bank now owns 4,000 shares of the real estate investment trust’s stock valued at $1,686,000 after buying an additional 200 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Alexander’s by 7.6% in the 2nd quarter. Principal Financial Group Inc. now owns 1,531 shares of the real estate investment trust’s stock valued at $645,000 after buying an additional 108 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Alexander’s by 1.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,453 shares of the real estate investment trust’s stock valued at $1,455,000 after buying an additional 61 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Alexander’s by 28.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 987 shares of the real estate investment trust’s stock valued at $416,000 after buying an additional 220 shares during the last quarter. 35.95% of the stock is owned by institutional investors.

Shares of Alexander’s, Inc. (NYSE ALX) opened at 422.15 on Friday. The firm has a market cap of $2.16 billion, a P/E ratio of 25.40 and a beta of 0.67. The stock has a 50 day moving average price of $425.71 and a 200 day moving average price of $423.82. Alexander’s, Inc. has a 12-month low of $369.33 and a 12-month high of $451.99.

Alexander’s (NYSE:ALX) last announced 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 Thomson Reuters’ consensus estimate of $5.71 by ($0.11). Alexander’s had a return on equity of 24.22% and a net margin of 37.16%. The company had revenue of $57.19 million for the quarter. On average, equities analysts expect that Alexander’s, Inc. will post $23.23 earnings per share for the current year.

Separately, BidaskClub downgraded Alexander’s from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th.

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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.

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

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