Great West Life Assurance Co. Can Has $137,000 Holdings in Alexander’s, Inc. (ALX)
Great West Life Assurance Co. Can maintained its position in shares of Alexander’s, Inc. (NYSE:ALX) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 327 shares of the real estate investment trust’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in Alexander’s were worth $137,000 as of its most recent SEC filing.
Separately, Russell Investments Group Ltd. boosted its position in shares of Alexander’s by 77.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,377 shares of the real estate investment trust’s stock worth $580,000 after purchasing an additional 599 shares during the last quarter. Hedge funds and other institutional investors own 35.95% of the company’s stock.
Alexander’s, Inc. (ALX) opened at 425.79 on Monday. Alexander’s, Inc. has a 52-week low of $369.33 and a 52-week high of $451.99. The stock has a 50 day moving average price of $419.13 and a 200 day moving average price of $423.40. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 25.62 and a beta of 0.65.
Alexander’s (NYSE:ALX) last issued its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $5.60 earnings per share for the quarter, missing the 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 business had revenue of $57.19 million during the quarter. Analysts anticipate that Alexander’s, Inc. will post $23.23 EPS for the current fiscal year.
Separately, BidaskClub upgraded Alexander’s from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th.
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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