ALX

Alexander's
ALX

$243.11

2.51%

Market Cap: 1.24B

About: Alexander's Inc is a real estate investment trust engaged in leasing, managing, developing and redeveloping its properties. It has six properties in the greater New York City metropolitan area. All of the revenues come from properties located in New York City which include revenues from leasing of space to tenants at their properties and revenues from parking and tenant services.

Employees: 92

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

0

News positive %

of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 2 (+1) [Q1 2024]

0.89% less ownership

Funds ownership: 31.93% [Q4 2023] → 31.04% (-0.89%) [Q1 2024]

2% less capital invested

Capital invested by funds: $349M [Q4 2023] → $343M (-$5.84M) [Q1 2024]

5% less funds holding

Funds holding: 105 [Q4 2023] → 100 (-5) [Q1 2024]

26% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 38

42% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 12

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Research analyst outlook

2 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$135

44%

downside

Avg. target

$140

42%

downside

High target

$145

40%

downside

2 analyst ratings

0 positive

0%

0 neutral

0%

2 negative

100%

Piper Sandler Alexander Goldfarb	44%downside $135	Underweight Maintained	22 Jul 2024
Piper Sandler Alexander Goldfarb	40%downside $145	Underweight Maintained	13 May 2024

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Financial journalist opinion

Based on 3 articles about ALX published over the past 30 days

Alexander's Announces Second Quarter Earnings Release Date and Vornado Realty Trust Quarterly Conference Call

PARAMUS, N.J., July 23, 2024 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE: ALX) today announced that it will file its quarterly report on Form 10-Q for the quarter ended June 30, 2024 with the U.S. Securities and Exchange Commission and issue its second quarter earnings release on Monday, August 5, 2024, before the New York Stock Exchange opens.

Alexander's Announces Second Quarter Earnings Release Date and Vornado Realty Trust Quarterly Conference Call

Alexander's Inc.: Numerous Signs Of Distress

Office REITs have gained modestly this year, but face challenges due to the WFH trend and mounting defaults in commercial real estate loans. Alexanders, Inc. is a small-cap REIT with a portfolio of office and retail properties in New York City, facing heavy indebtedness, shrinking revenues, and reliance on a single tenant. ALX faces liquidity issues, and may need to cut dividends or dilutively issue new shares, making it a risky investment for the longer term.

Alexander's Inc.: Numerous Signs Of Distress

Three Office REITs To Sell With Weak Balance Sheets

There will likely be a major sell-off in REITs in the next 2-5 years. Weak REITs with messy balance sheets, weak forecasts for FFO growth, unsafe dividends, and/or overvaluation are likely to suffer the most damage in any downturn. This article focuses on three specific REITs that may be particularly vulnerable in a downturn.

Three Office REITs To Sell With Weak Balance Sheets

The Ultimate Contrarian Plays: 7 Hated Stocks Yielding Up To 12.9%

What's better than a big dividend? A hated high yield. Especially when the disgust comes from Wall Street analysts themselves. You know, the fanboys who follow the company for a living.

The Ultimate Contrarian Plays: 7 Hated Stocks Yielding Up To 12.9%

Zacks Investment Research

Alexander's (ALX) Misses Q1 FFO and Revenue Estimates

Alexander's (ALX) came out with quarterly funds from operations (FFO) of $4.98 per share, missing the Zacks Consensus Estimate of $6.41 per share. This compares to FFO of $3.63 per share a year ago.

Alexander's (ALX) Misses Q1 FFO and Revenue Estimates

Alexander's Announces First Quarter Financial Results

PARAMUS, N.J., May 06, 2024 (GLOBE NEWSWIRE) -- ALEXANDER'S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended March 31, 2024 today and reported:

Alexander's Announces First Quarter Financial Results

Alexander's, Inc. Extends Bloomberg LP's Global Headquarters Lease at 731 Lexington Avenue Tower Through 2040

Leading Business and Financial Information Company Will Maintain Nearly One Million Square Feet of Office Space at Iconic Midtown Tower Through 2040 Leading Business and Financial Information Company Will Maintain Nearly One Million Square Feet of Office Space at Iconic Midtown Tower Through 2040

Alexander's, Inc. Extends Bloomberg LP's Global Headquarters Lease at 731 Lexington Avenue Tower Through 2040

Alexander's Declares Quarterly $4.50 Dividend on Common Shares

PARAMUS, N.J., May 01, 2024 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE: ALX) today announced that its Board of Directors has declared a regular quarterly dividend of $4.50 per share payable on May 31, 2024 to stockholders of record on May 13, 2024.

Alexander's Declares Quarterly $4.50 Dividend on Common Shares

Alexander's Announces First Quarter Earnings Release Date and Vornado Realty Trust Quarterly Conference Call

PARAMUS, N.J., April 25, 2024 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE: ALX) today announced that it will file its quarterly report on Form 10-Q for the quarter ended March 31, 2024 with the U.S. Securities and Exchange Commission and issue its first quarter earnings release on Monday, May 6, 2024, before the New York Stock Exchange opens.

Alexander's Announces First Quarter Earnings Release Date and Vornado Realty Trust Quarterly Conference Call

Alexander's: Hold On To This 8.8% Yield From New York City

Alexander's: Hold On To This 8.8% Yield From New York City

Alexander's: Hold On To This 8.8% Yield From New York City

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