Axar Capital Management Lowers stake in Alexander's (ALX)

Alexander's (ALX) : Axar Capital Management reduced its stake in Alexander's by 61.88% during the most recent quarter end. The investment management company now holds a total of 10,444 shares of Alexander's which is valued at $4 Million after selling 16,956 shares in Alexander's , the firm said in a disclosure report filed with the SEC on May 11, 2016.Alexander's makes up approximately 5.61% of Axar Capital Management’s portfolio.

Other Hedge Funds, Including , Royce Associates Lp sold out all of its stake in ALX during the most recent quarter. The investment firm sold 34,286 shares of ALX which is valued $13.1 Million.Blackrock Advisors boosted its stake in ALX in the latest quarter, The investment management firm added 113 additional shares and now holds a total of 1,250 shares of Alexander's which is valued at $477,500.California Public Employees Retirement System boosted its stake in ALX in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 7,059 shares of Alexander's which is valued at $2.7 Million.Rhumbline Advisers boosted its stake in ALX in the latest quarter, The investment management firm added 41 additional shares and now holds a total of 3,594 shares of Alexander's which is valued at $1.4 Million.

Alexander's opened for trading at $387.44 and hit $387.69 on the upside on Monday, eventually ending the session at $387.69, with a gain of 1.49% or 5.69 points. The heightened volatility saw the trading volume jump to 1,388 shares. Company has a market cap of $1,980 M.

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.

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