Alexander’s, Inc. (NYSE:ALX) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its position in Alexander’s, Inc. (NYSE:ALX) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,547 shares of the real estate investment trust’s stock after selling 141 shares during the period. Nisa Investment Advisors LLC’s holdings in Alexander’s were worth $309,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Ballentine Partners LLC acquired a new stake in shares of Alexander’s in the 3rd quarter valued at approximately $205,000. SG Americas Securities LLC acquired a new position in shares of Alexander’s in the third quarter worth $215,000. Franklin Resources Inc. grew its holdings in shares of Alexander’s by 5.6% during the third quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 52 shares in the last quarter. Principal Financial Group Inc. boosted its position in Alexander’s by 11.5% during the third quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust’s stock worth $270,000 after acquiring an additional 115 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Alexander’s by 7.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,290 shares of the real estate investment trust’s stock worth $290,000 after acquiring an additional 86 shares during the period. Hedge funds and other institutional investors own 31.99% of the company’s stock.

Alexander’s Price Performance

ALX stock opened at $186.70 on Thursday. The company has a quick ratio of 10.21, a current ratio of 10.21 and a debt-to-equity ratio of 5.18. The stock has a market capitalization of $953.49 million, a price-to-earnings ratio of 20.21 and a beta of 0.84. The stock’s fifty day simple moving average is $203.81 and its 200-day simple moving average is $221.18. Alexander’s, Inc. has a 52-week low of $184.76 and a 52-week high of $251.63.

Alexander’s (NYSE:ALX) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $1.30 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($1.27). Alexander’s had a return on equity of 21.79% and a net margin of 20.33%. The firm had revenue of $55.68 million during the quarter, compared to analysts’ expectations of $53.50 million. During the same period last year, the business posted $3.63 earnings per share. Equities research analysts expect that Alexander’s, Inc. will post 14.84 EPS for the current year.

Alexander’s Company Profile

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).