844 Shares in Alexander’s, Inc. (NYSE:ALX) Acquired by Ballentine Partners LLC

Ballentine Partners LLC acquired a new position in Alexander’s, Inc. (NYSE:ALX) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 844 shares of the real estate investment trust’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Alexander’s by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 34,745 shares of the real estate investment trust’s stock worth $7,812,000 after acquiring an additional 413 shares during the period. Denali Advisors LLC lifted its stake in shares of Alexander’s by 51.2% in the second quarter. Denali Advisors LLC now owns 19,500 shares of the real estate investment trust’s stock worth $4,385,000 after acquiring an additional 6,600 shares during the period. GraniteShares Advisors LLC lifted its stake in Alexander’s by 14.3% in the second quarter. GraniteShares Advisors LLC now owns 8,768 shares of the real estate investment trust’s stock valued at $1,972,000 after buying an additional 1,096 shares during the period. Rhumbline Advisers lifted its stake in Alexander’s by 2.6% in the second quarter. Rhumbline Advisers now owns 3,478 shares of the real estate investment trust’s stock valued at $782,000 after buying an additional 87 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in Alexander’s by 5.5% in the first quarter. BNP Paribas Financial Markets now owns 3,466 shares of the real estate investment trust’s stock valued at $753,000 after buying an additional 181 shares during the period. 31.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALX has been the topic of several recent analyst reports. Piper Sandler dropped their price target on Alexander’s from $135.00 to $125.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 6th. StockNews.com lowered Alexander’s from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th.

Alexander’s Trading Down 0.2 %

NYSE ALX opened at $227.69 on Wednesday. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 10.88 and a beta of 0.82. Alexander’s, Inc. has a 52 week low of $181.83 and a 52 week high of $251.63. The business has a 50 day moving average price of $233.36 and a 200-day moving average price of $224.70. The company has a quick ratio of 12.66, a current ratio of 12.66 and a debt-to-equity ratio of 5.09.

About Alexander’s

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).