Alexander’s, Inc. (ALX) Position Held by Teachers Insurance & Annuity Association of America

Teachers Insurance & Annuity Association of America continued to hold its position in shares of Alexander’s, Inc. (NYSE:ALX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,132 shares of the real estate investment trust’s stock at the close of the second quarter. Teachers Insurance & Annuity Association of America’s holdings in Alexander’s were worth $899,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp raised its position in Alexander’s by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 25,290 shares of the real estate investment trust’s stock valued at $10,659,000 after purchasing an additional 369 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Alexander’s by 2.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 18,683 shares of the real estate investment trust’s stock valued at $7,875,000 after purchasing an additional 476 shares during the last quarter. Martingale Asset Management L P raised its position in Alexander’s by 15.3% in the second quarter. Martingale Asset Management L P now owns 8,308 shares of the real estate investment trust’s stock valued at $3,502,000 after purchasing an additional 1,100 shares during the last quarter. Granite Investment Advisors LLC raised its position in Alexander’s by 37.2% in the second quarter. Granite Investment Advisors LLC now owns 7,410 shares of the real estate investment trust’s stock valued at $3,212,000 after purchasing an additional 2,010 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in Alexander’s by 23.8% in the second quarter. TIAA CREF Investment Management LLC now owns 7,099 shares of the real estate investment trust’s stock valued at $2,992,000 after purchasing an additional 1,363 shares during the last quarter. Hedge funds and other institutional investors own 35.95% of the company’s stock.

Alexander’s, Inc. (NYSE ALX) opened at 422.46 on Thursday. The company has a market capitalization of $2.16 billion, a P/E ratio of 25.42 and a beta of 0.65. The firm has a 50-day moving average price of $418.54 and a 200 day moving average price of $423.09. Alexander’s, Inc. has a 52-week low of $369.33 and a 52-week high of $451.99.

Alexander’s (NYSE:ALX) last posted its quarterly earnings data 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). Alexander’s had a return on equity of 24.22% and a net margin of 37.16%. The firm had revenue of $57.19 million during the quarter. On average, analysts predict that Alexander’s, Inc. will post $23.23 earnings per share 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.

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Alexander’s Company Profile

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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Institutional Ownership by Quarter for Alexander`s (NYSE:ALX)

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