Alexanders traded at $254.22 this Thursday June 4th, increasing $4.20 or 1.68 percent since the previous trading session. Looking back, over the last four weeks, Alexanders gained 1.17 percent. Over the last 12 months, its price rose by 12.09 percent. Looking ahead, we forecast Alexanders to be priced at 241.21 by the end of this quarter and at 227.10 in one year, according to Trading Economics global macro models projections and analysts expectations.
Alexander's, Inc. 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). It has seven properties in the greater New York City metropolitan area, consisting of 731 Lexington Avenue, Rego Park I, Rego Park II, The Alexander apartment tower, Paramus, and Flushing. 731 Lexington Avenue is an approximately 1,323,000 square foot multi-use building, consisting of entire block bounded by Lexington Avenue, East 59th Street, Third Avenue and East 58th Street in Manhattan. Rego Park I is an approximately 338,000 square foot shopping center, located on Queens Boulevard and 63rd Road in Queens. Paramus is located at the intersection of Routes 4 and 17 in Paramus, New Jersey. Flushing is an approximately 167,000 square foot building, located on Roosevelt Avenue and Main Street in Queens.