Revenue Update on Alexander's(NYSE:ALX)

Alexander's(NYSE:ALX) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $5.78.

Alexander's (ALX) made into the market gainers list on Wednesdays trading session with the shares advancing 0.24% or 1.06 points. Due to strong positive momentum, the stock ended at $441, which is also near the day’s high of $441.54. The stock began the session at $439.82 and the volume stood at 3,984 shares. The 52-week high of the shares is $451.99 and the 52 week low is $364.01. The company has a current market capitalization of $2,252 M and it has 51,07,290 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 29, 2016, Russell B Jr Wight (director 10% owner) purchased 15 shares at $363.00 per share price.

Alexander’s Inc. (Alexander’s) is a real estate investment trust (REIT). The Company is engaged in leasing managing developing and redeveloping its properties. The Company is managed by and its properties are leased and developed by Vornado Realty Trust (Vornado). The Company operates six properties in the greater New York City metropolitan area. Its properties include 731 Lexington Avenue Rego Park I Rego Park II Paramus and Flushing. The Company’s other properties include Rego Park II Apartment Tower which is above the Company’s Rego II shopping center containing around 312 units aggregating around 255000 square feet and Rego Park III which is an approximately 3.2 acre land parcel adjacent to the Rego Park II shopping center in Queens at the intersection of Junction Boulevard and the Horace Harding Service Road.

Add Comment