Alexander's Inc V.ALX

Primary Symbol: ALX

Real Estate REIT - Retail

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). It has five properties in New York City consisting of 731 Lexington Avenue, a 1,079,000 square foot multi-use building comprising the entire block bounded by Lexington Avenue, East 59th Street, Third Avenue and East 58th Street in Manhattan; Rego Park I, a 338,000 square foot shopping center, is located on Queens Boulevard and 63rd Road in Queens; Rego Park II, a 616,000 square foot shopping center, is located adjacent to the Rego Park I shopping center in Queens; Flushing, a 167,000 square foot building, located on Roosevelt Avenue and Main Street in Queens, and The Alexander apartment tower, located above its Rego Park II shopping center, contains 312 units aggregating 255,000 square feet.

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Alexander's Inc

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Comment by seeingeyeon May 16, 2014 4:05pm

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Post# 22571664

RE:RE:RE:RE:Spartan Energy: a mid cap on the move

I am very wary of a Bank upgrade at a time the market buy/sell trend is showing an obvious decline in confidence that SP is in near term sustainable.

My logical assumption is Hardy and Co. intend to rework this for a sale as per past practice.
Cash retention will be a result of no divy as RPL paid out ,so time will tell if the cash surplus will be well spent on acquisition and developement and the success they can attain.

I would be most interested in the depth of holdings by institutional players going forward.

Till that time set your stop losses carefully
My est. SP is $2.80 -$3.20
Al IMO

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