ALX

Alexander's
ALX

$229.52

0.14%

Market Cap: $1.17B

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 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

111% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 9

27% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 30

10% more funds holding

Funds holding: 101 [Q1] → 111 (+10) [Q2]

6% more capital invested

Capital invested by funds: $347M [Q1] → $367M (+$19.9M) [Q2]

0.5% more ownership

Funds ownership: 31.45% [Q1] → 31.95% (+0.5%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]

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Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$125

46%

downside

Avg. target

$130

43%

downside

High target

$135

41%

downside

2 analyst ratings

0 positive

0%

0 neutral

0%

2 negative

100%

Piper Sandler Alexander Goldfarb 63% 1-year accuracy 34 / 54 met price target	46%downside $125	Underweight Maintained	6 Aug 2024
Piper Sandler Alexander Goldfarb 63% 1-year accuracy 34 / 54 met price target	41%downside $135	Underweight Maintained	22 Jul 2024

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Financial journalist opinion

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

Zacks Investment Research

3 Highly Ranked REITs to Buy with Rate Cuts Ahead

With the possibility of multiple rate cuts back on the table this year, Real Estate Investment Trusts (REITs) may stand to benefit the most as these equities rely on debt to finance their operations and acquire properties.

3 Highly Ranked REITs to Buy with Rate Cuts Ahead

Zacks Investment Research

Alexander's (ALX) Upgraded to Strong Buy: Here's What You Should Know

Alexander's (ALX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Alexander's (ALX) Upgraded to Strong Buy: Here's What You Should Know

Zacks Investment Research

Best Income Stocks to Buy for August 9th

NREF, DKL and ALX made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 9, 2024.

Best Income Stocks to Buy for August 9th

Zacks Investment Research

Alexander's (ALX) Beats Q2 FFO and Revenue Estimates

Alexander's (ALX) came out with quarterly funds from operations (FFO) of $3.31 per share, beating the Zacks Consensus Estimate of $2.57 per share. This compares to FFO of $3.55 per share a year ago.

Alexander's (ALX) Beats Q2 FFO and Revenue Estimates

Alexander's Announces Second Quarter Financial Results

PARAMUS, N.J., Aug. 05, 2024 (GLOBE NEWSWIRE) -- ALEXANDER'S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended June 30, 2024 today and reported:

Alexander's Announces Second Quarter Financial Results

7 Potential Mousetrap REITs - High, Potentially Unsafe Yields

From a fundamental standpoint, this may be a good time to invest in REITs with high yields. It's crucial to avoid mousetrap REITs with high dividend yields that may be unsustainable, as dividend cuts quickly lead to dramatic losses in share value and reduced income. This article lists 22 equity REITs in significant danger of a dividend cut within the next 12 months.

7 Potential Mousetrap REITs - High, Potentially Unsafe Yields

Alexander's Declares Quarterly $4.50 Dividend on Common Shares

PARAMUS, N.J., July 31, 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 August 30, 2024 to stockholders of record on August 12, 2024.

Alexander's Declares Quarterly $4.50 Dividend on Common Shares

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

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