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The following ratings changes were generated on Tuesday, Nov. 4.
We've downgraded Alexander's(ALX Quote), a real estate investment trust, from buy to hold. Strengths include its revenue growth, notable return on equity and relatively strong performance when compared with the S&P 500 during the past year. Weaknesses include unimpressive growth in net income, generally poor debt management and weak operating cash flow.
Revenue increased by 1% over the same quarter a year ago, but earnings per share declined. Return on equity greatly increased, a signal of significant strength, and greatly exceeds the average ROE of the REITs industry and of the S&P 500. ...
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