3 Best Stocks to Buy According to Billionaire Marc Lasry

02. Alexander’s, Inc. (NYSE:ALX)

Avenue Capital’s Stake Value: $8.586 million

Percentage of Avenue Capital’s 13F Portfolio: 13.06%

Number of Hedge Fund Holders: 9

Alexander’s, Inc., a real estate investment trust, owns seven properties in the greater New York City metropolitan area. Year to date, Alexander’s, Inc. (NYSE:ALX) lost a 13% value and on September 16, it had a closing price of $231.99.

For the quarter that ended on June 2022, Alexander’s, Inc. (NYSE:ALX) reported revenues of $49.82 million, falling short of the consensus estimate by 0.35%.

The stock is a generous dividend payer with a yield of 7.7%, making it an attractive option for income investors. This makes it one of the best stocks to buy now, according to billionaire Marc Lasry. Nine hedge funds held stakes in Alexander’s, Inc. (NYSE:ALX) in the second quarter of 2022, with a total stake value of $66.9 million. Of these funds, Frank Brosen’s Taconic Capital was the largest stakeholder in the company, holding 142,300 shares worth $31.6 million.