Streetbeat News

ALX

Alexander's, Inc.

https://www.alx-inc.com

Industry

REIT - Retail

Alexander's, Inc. is a real estate investment trust which has seven properties in the greater New York City metropolitan area.

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Piper Sandler analyst Alexander Goldfarb maintains an Underweight rating on Alexander's (NYSE:ALX) and lowers the price target from $135 to $125.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:21 pm

Alexander's (NYSE: ALX) reported Q2 earnings of $3.31 per share, beating the analyst estimate of $2.67 by 23.97%. However, this is a 6.76% decrease from last year's $3.55 per share. Sales were $53.39 million, down 0.52% from $53.67 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:47 pm

Piper Sandler analyst Alexander Goldfarb maintains an Underweight rating on Alexander's (NYSE:ALX) and lowers the price target from $145 to $135.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:13 pm

Piper Sandler analyst Alexander Goldfarb maintains an Underweight rating on Alexander's (NYSE:ALX) and lowers the price target from $160 to $145.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:09 pm

Alexander's (NYSE:ALX) reported a significant increase in its Q1 FFO to $4.98 per share, up 37.19% from $3.63 YoY, with sales rising 15.97% to $61.40M from $52.94M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:53 pm

Alexander's Inc. reported an increase in its Q4 Funds From Operations (FFO) to $4.99 per share, up from $4.03 per share year-over-year. Sales also rose to $62.94 million from $53.05 million in the same period.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 1:46 pm

Numerous companies are scheduled to report their earnings on February 12, 2024, with expectations spanning from losses to significant profits across various sectors. Key reports include Goodyear Tire & Rubber with expected earnings of $0.36 per share on $5.39 billion revenue, and Avis Budget Group projecting earnings of $4.15 per share on $2.81 billion revenue. The diversity in performance indicators reflects a broad economic landscape, potentially influencing market movements.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 10:21 am

The article discusses the importance of relative strength in selecting retail REITs and highlights five with strong performance, dividend yields, and growth. Alexander's Inc. (ALX) leads with a 15.56% return, followed by Macerich Co. (MAC), Realty Income Corp. (O), Agree Realty Corp. (ADC), and NetSTREIT Corp. (NTST). Analyst ratings and dividend information for these REITs are provided, along with their recent acquisitions and financial results.

Portfolio Pulse from Ethan Roberts

January 10, 2024 | 3:29 pm

Analysts have downgraded several REITs, potentially signaling a shift in momentum after a strong five-week run. Vornado Realty Trust (VNO) was downgraded by Evercore ISI Group from In-Line to Underperform with a raised price target. National Storage Affiliates Trust (NSA), CubeSmart (CUBE), Equity Residential (EQR), Gaming and Leisure Properties Inc. (GLPI), and Agree Realty Corp. (ADC) also saw downgrades from analysts with various adjustments to their price targets. Additionally, Wells Fargo downgraded three hotel REITs: Apple Hospitality REIT Inc. (APLE), Diamondrock Hospitality Co. (DRH), and Sunstone Hotel Investors Inc. (SHO).

Portfolio Pulse from Ethan Roberts

December 11, 2023 | 8:12 pm

The article discusses value stocks in the real estate sector, focusing on companies with low price-to-earnings (P/E) multiples, suggesting potential undervaluation. Notable stocks mentioned include Comstock Holding Co (CHCI), Franklin BSP Realty Trust (FBRT), Alexander's (ALX), Landsea Homes (LSEA), and Presidio Property Trust (SQFT). The article provides recent earnings per share (EPS) data and dividend yields, indicating significant increases in EPS for CHCI and dividend yields for FBRT and ALX.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 2:39 pm

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