Alexander’s (NYSE:ALX) Stock Price Crosses Below 50-Day Moving Average of $380.17

Alexander’s, Inc. (NYSE:ALX)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $380.17 and traded as low as $366.00. Alexander’s shares last traded at $366.00, with a volume of 483 shares changing hands.

Separately, TheStreet upgraded Alexander’s from a “c+” rating to a “b” rating in a report on Monday, May 6th.

The company has a market cap of $1.89 billion, a P/E ratio of 19.10 and a beta of 0.49. The stock’s fifty day moving average price is $379.67. The company has a quick ratio of 13.09, a current ratio of 13.09 and a debt-to-equity ratio of 3.45.

In related news, Director Russell B. Wight, Jr. sold 2,000 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $390.11, for a total transaction of $780,220.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 26.03% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its holdings in Alexander’s by 2,400.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 250 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 240 shares during the period. SG Americas Securities LLC purchased a new stake in Alexander’s during the 4th quarter valued at about $108,000. Great West Life Assurance Co. Can boosted its holdings in Alexander’s by 28.5% during the 4th quarter. Great West Life Assurance Co. Can now owns 591 shares of the real estate investment trust’s stock valued at $171,000 after acquiring an additional 131 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Alexander’s by 825.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 481 shares of the real estate investment trust’s stock valued at $181,000 after acquiring an additional 429 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Alexander’s by 12.4% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 682 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 75 shares during the period. Institutional investors 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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