Russell Investments Group Ltd. trimmed its position in Alexander's, Inc. (NYSE:ALX) by 32.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 934 shares of the real estate investment trust’s stock after selling 443 shares during the period. Russell Investments Group Ltd.’s holdings in Alexander's were worth $396,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Alexander's in the second quarter valued at approximately $101,000. Citigroup Inc. boosted its stake in Alexander's by 76.4% in the second quarter. Citigroup Inc. now owns 951 shares of the real estate investment trust’s stock valued at $401,000 after acquiring an additional 412 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Alexander's by 28.7% in the second quarter. BNP Paribas Arbitrage SA now owns 987 shares of the real estate investment trust’s stock valued at $416,000 after acquiring an additional 220 shares in the last quarter. Voya Investment Management LLC boosted its stake in Alexander's by 9.0% in the second quarter. Voya Investment Management LLC now owns 1,205 shares of the real estate investment trust’s stock valued at $508,000 after acquiring an additional 99 shares in the last quarter. Finally, Virtu KCG Holdings LLC acquired a new stake in Alexander's in the second quarter valued at approximately $597,000. Institutional investors own 35.83% of the company’s stock.
Shares of Alexander's, Inc. (ALX) opened at $392.49 on Friday. The firm has a market cap of $2,028.81, a P/E ratio of 23.82 and a beta of 0.71. Alexander's, Inc. has a one year low of $388.60 and a one year high of $441.54. The company has a quick ratio of 15.74, a current ratio of 15.74 and a debt-to-equity ratio of 3.63.
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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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