Renaissance Technologies LLC grew its holdings in Alexander’s, Inc. (NYSE:ALX) by 32.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,500 shares of the real estate investment trust’s stock after buying an additional 14,900 shares during the quarter. Renaissance Technologies LLC owned 1.18% of Alexander’s worth $25,498,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN increased its position in shares of Alexander’s by 1.1% in the second quarter. Wells Fargo & Company MN now owns 1,729 shares of the real estate investment trust’s stock valued at $728,000 after buying an additional 18 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Alexander’s by 1.1% in the second quarter. UBS Asset Management Americas Inc. now owns 3,803 shares of the real estate investment trust’s stock valued at $1,603,000 after buying an additional 42 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of Alexander’s by 0.7% in the second quarter. Mutual of America Capital Management LLC now owns 8,142 shares of the real estate investment trust’s stock valued at $3,432,000 after buying an additional 56 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Alexander’s by 1.8% in the second 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 in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Alexander’s by 1.7% in the second quarter. California Public Employees Retirement System now owns 5,959 shares of the real estate investment trust’s stock valued at $2,511,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 35.95% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Alexander’s, Inc. (ALX) Stake Increased by Renaissance Technologies LLC” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/09/alexanders-inc-alx-stake-increased-by-renaissance-technologies-llc.html.

Shares of Alexander’s, Inc. (NYSE ALX) opened at 429.14 on Monday. The stock has a market capitalization of $2.19 billion, a PE ratio of 25.82 and a beta of 0.67. 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 $421.36 and a 200-day moving average price of $423.64.

Alexander’s (NYSE:ALX) last issued its earnings results on Monday, July 31st. The real estate investment trust reported $5.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.71 by ($0.11). The business had revenue of $57.19 million for the quarter. Alexander’s had a return on equity of 24.22% and a net margin of 37.16%. On average, equities research 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.

About Alexander’s

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)

Receive News & Stock Ratings for Alexander's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexander's Inc. and related stocks with our FREE daily email newsletter.