Alexander's Inc. Stock Downgraded (ALX)

NEW YORK ( TheStreet) -- Alexander's (NYSE: ALX) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet.

Alexander's, Inc., a real estate investment trust (REIT), engages in leasing, managing, developing, and redeveloping properties in the greater New York City metropolitan area. The company's properties include office and retail properties, and shopping centers. The company has a P/E ratio of 30.2, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 21.8. Alexander's has a market cap of $2 billion and is part of the financial sector and real estate industry. Shares are down 4% year to date as of the close of trading on Monday.

You can view the full Alexander's Ratings Report or get investment ideas from our investment research center.

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