Alexander’s, Inc. (NYSE:ALX)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $373.10. Alexander’s shares last traded at $373.10, with a volume of 100 shares traded.
Separately, TheStreet upgraded Alexander’s from a “c+” rating to a “b” rating in a research note on Monday, May 6th.
The company has a debt-to-equity ratio of 3.45, a quick ratio of 13.09 and a current ratio of 13.09. The firm has a 50 day moving average of $378.19. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 19.54 and a beta of 0.46.
In other news, Director Russell B. Wight, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $390.11, for a total transaction of $780,220.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 26.03% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Alexander’s during the fourth quarter worth $9,999,000. Alphasimplex Group LLC purchased a new position in Alexander’s during the first quarter worth about $1,166,000. Geode Capital Management LLC lifted its position in Alexander’s by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 35,340 shares of the real estate investment trust’s stock worth $10,769,000 after buying an additional 2,612 shares during the period. Martingale Asset Management L P lifted its position in Alexander’s by 38.4% during the first quarter. Martingale Asset Management L P now owns 7,208 shares of the real estate investment trust’s stock worth $2,713,000 after buying an additional 2,000 shares during the period. Finally, Citigroup Inc. lifted its position in Alexander’s by 66.4% during the first quarter. Citigroup Inc. now owns 4,537 shares of the real estate investment trust’s stock worth $1,707,000 after buying an additional 1,810 shares during the period. Institutional investors and hedge funds own 34.30% of the company’s stock.
Alexander’s Company Profile (NYSE:ALX)
Alexander’s, Inc is a real estate investment trust, which engages in leasing, managing, development and redeveloping its properties. Its operating properties are located in the greater New York City metropolitan area. The company was founded on May 16, 1955 and is headquartered in Paramus, NJ.
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