ALX Stock Summary and Trading Ideas (Alexander's | NYSE:ALX)

Alexander's Inc is a real estate investment trust engaged in leasing, managing, developing and redeveloping its properties. It has six properties in the greater New York City metropolitan area. All of the revenues come from properties located in New York City which include revenues from leasing of space to tenants at their properties and revenues from parking and tenant services.

Alexander's trades on the NYSE stock market under the symbol ALX.

As of April 19, 2024, ALX stock price climbed to $210.53 with 8,268 million shares trading.

ALX has a market cap of $1.08 billion. This is considered a Small Cap stock.

In the last 3 years, ALX stock traded as high as $299.99 and as low as $155.60.

The top ETF exchange traded funds that ALX belongs to (by Net Assets): VNQ, VTI, VB, DIV, IWM.

ALX has outperformed the market in the last year with a price return of +21.8% while the SPY ETF gained +21.2%. However, in the short term, ALX had mixed performance relative to the market. It has underperformed in the last 3 months, returning -3.6% vs +3.0% return in SPY. But in the last 2 weeks, ALX shares have fared better than the market returning -2.1% compared to SPY -4.5%.

ALX support price is $198.80 and resistance is $212.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALX stock will trade within this expected range on the day.