Core Viewpoint - Alexander's, Inc. has successfully completed a $400 million refinancing of the office condominium portion of 731 Lexington Avenue, significantly reducing its interest rate and extending the loan maturity [1] Group 1: Loan Details - The new loan is an interest-only loan with a fixed rate of 5.045% and matures in October 2028 [1] - The refinancing replaces a prior $490 million loan that had an interest rate tied to the Prime rate, currently at 8.00%, and was set to mature in October 2024 [1] - The new loan allows for prepayment at Alexander's option without penalty starting in October 2026 [1] Group 2: Company Overview - Alexander's, Inc. is a real estate investment trust (REIT) that owns five properties in New York City [1]

Here are three stocks with buy rank and strong income characteristics for investors to consider today, September 18th:Alexander's (ALX) : This real estate investment trust which is engaged in leasing, managing, developing and redeveloping properties, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.5% over the last 60 days.This Zacks Rank #1 (Strong Buy) company has a dividend yield of 7.4%, compared with the industry average of 4.2%.J. Sainsbury (JSAIY) : This leading ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:SharkNinja, Inc. (SN) : This is a diversified, product design and technology company which creates lifestyle solutions through products for consumers, has seen the Zacks Consensus Estimate for its current year earnings increasing 10.7% over the last 60 days.Alexander's (ALX) : This real estate investment trust which is engaged in leasing, managing, developing and redeveloping properties, has seen the Zacks Consensus Estimate for its cur ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, September 13:BancFirst Corporation (BANF) : This bank holding company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.7% the last 60 days.This Zacks Rank #1 company has a dividend yield of 1.6%, compared with the industry average of 0.7%.Alexander's, Inc. (ALX) : This real estate investment trust has witnessed the Zacks Consensus Estimate for its current year earnings ...

Smederevac/iStock via Getty ImagesALX Oncology Holdings Inc. (NASDAQ:ALXO) develops immuno-oncology treatments to improve the immune response against cancer. The company’s leading product candidate is Evorpacept [ALX148], a first-in-class CD47 inhibitor that blocks cancer cells' “don’t eat me” signal. Unlike standard CD47 inhibitors, Evorpacept has an inactive Fc domain that reduces side effects. ALXO’s pipeline explores diverse combinations of Evorpacept with chemotherapy, targeted agents, and checkpoi ...

Core Viewpoint - Greenridge Exploration Inc. has signed a non-binding letter of intent to acquire ALX Resources Corp., aiming to create a leading Canadian uranium exploration company with a diversified portfolio of strategic metals projects [4][5]. Group 1: Proposed Transaction Details - The acquisition will involve Greenridge acquiring all outstanding common shares of ALX, resulting in a combined entity with interests in 28 projects covering approximately 493,000 hectares [4][5]. - The transaction is characterized as an arm's length deal, enhancing the capital markets profile with an expected market capitalization of approximately C$35 million [5]. - ALX shareholders will receive a significant premium of 130% based on the 20-day VWAP of ALX shares, with an exchange ratio of 0.045 Greenridge shares for each ALX share [8][19]. Group 2: Strategic Rationale - The merger will consolidate one of the largest uranium property portfolios in the Athabasca Basin, including significant projects like Black Lake and Gibbons Creek, which have shown promising uranium mineralization [5][9]. - The combined entity will also have exposure to lithium, nickel, copper, and gold properties, diversifying its mineral portfolio [5][14]. - The transaction is expected to yield material cost savings through the consolidation of corporate operations and investor relations activities [5]. Group 3: Management and Governance - Post-transaction, the Board of Directors will include members from both companies, with Warren Stanyer from ALX joining as President and Director of Greenridge [18]. - Russell Starr will continue as CEO of the combined entity, ensuring continuity in leadership [18]. Group 4: Project Portfolio - ALX's uranium project portfolio includes key properties such as Hook-Carter, Black Lake, and Gibbons Creek, which are located in prime uranium exploration districts [9][28]. - The combined portfolio will enhance exploration capabilities and discovery potential across various strategic minerals [5][9].

Core Insights - ALX Resources Corp. has completed reconnaissance prospecting and sampling programs at its 100%-owned Cannon Copper Project, located in Ontario, Canada, which includes the historic Cannon Copper Mine site [2][3]. Group 1: Prospecting and Sampling Programs - The 2024 prospecting and sampling programs were conducted in two phases during June and August, focusing on collecting mineralized rock samples and applying modern geochemical analysis [3][10]. - A total of 22 rock samples were collected, with a notable grab sample returning 1.44% copper, while results from the August samples are still pending [3][10]. - The programs also involved locating historical drill holes, with 9 successfully identified, and conducting a Soil Gas Hydrocarbon (SGH) sampling survey, which collected 176 samples [3][11]. Group 2: Geophysical Studies - The 2024 studies included Acquired Inductively Induced Polarization (AIIP) and Structural Complexity (SC) analyses, which identified a broad exploration target area around the known mineralized trend [5][6]. - The AIIP processing algorithm applied to 2021 VTEM data revealed subtle effects correlating with low resistivities, particularly in the central region of the project [6][9]. - The SC study outlined a structurally complex target area of approximately 2.9 square kilometers, which is crucial for identifying potential mineral deposits [7][9]. Group 3: Historical Context and Future Plans - The Cannon Copper Project is located in a historically rich copper mining district, with past production from 1966 to 1972, and a historical mineral resource estimate of 415,000 tonnes grading 1.8% copper [14]. - The company believes that the historical mine workings may indicate a larger, unexplored mineralizing system, with plans to identify drill targets and apply for an exploration permit [13][14].

Markets soared today on news that the Federal Reserve believes now is the time to start cutting interest rates after several years of high inflation.With the possibility of multiple rate cuts back on the table this year, Real Estate Investment Trusts (REITs) may stand to benefit the most as these equities rely on debt to finance their operations and acquire properties.Seeing as rate cuts would help to stabilize their operating environment here are three REITs to consider that all sport a Zacks Rank #1 (Stro ...

Alexander's (ALX) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, August 9th:NexPoint Real Estate Finance (NREF) : This real estate investment trust which originate, structure and invest in first mortgage loans, mezzanine loans, preferred equity and alternative structured financings in commercial real estate properties, as well as multifamily commercial mortgage-backed securities, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.8% ov ...