Begins Coverage on American Realty Investors (NYSE:ARL)

Equities researchers at started coverage on shares of American Realty Investors (NYSE:ARLGet Rating) in a research report issued on Sunday. The brokerage set a “sell” rating on the financial services provider’s stock.

Separately, TheStreet upgraded shares of American Realty Investors from a “c” rating to a “b-” rating in a research report on Wednesday, November 30th.

American Realty Investors Stock Down 1.3 %

Shares of NYSE ARL opened at $21.72 on Friday. American Realty Investors has a 1 year low of $12.39 and a 1 year high of $27.75. The firm’s 50 day moving average price is $21.87 and its 200 day moving average price is $17.44. The firm has a market cap of $350.78 million, a P/E ratio of 1.09 and a beta of 0.51. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.78 and a current ratio of 4.78.

American Realty Investors (NYSE:ARLGet Rating) last announced its earnings results on Thursday, November 10th. The financial services provider reported $18.72 earnings per share (EPS) for the quarter. American Realty Investors had a net margin of 983.63% and a return on equity of 71.84%. The firm had revenue of $8.32 million for the quarter.

Hedge Funds Weigh In On American Realty Investors

Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its holdings in shares of American Realty Investors by 17.1% during the 2nd quarter. Renaissance Technologies LLC now owns 25,399 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 3,700 shares in the last quarter. State Street Corp acquired a new position in shares of American Realty Investors during the 2nd quarter valued at $245,000. Finally, Northern Trust Corp acquired a new position in shares of American Realty Investors during the 2nd quarter valued at $216,000. Institutional investors and hedge funds own 1.05% of the company’s stock.

American Realty Investors Company Profile

(Get Rating)

American Realty Investors, Inc, together with its subsidiaries, acquires, develops, and owns multifamily apartment communities and commercial real estate properties in the southwestern, southeastern, and mid-western United States. The company leases apartment units to residents; and leases office, industrial, and retail space to various for-profit businesses, as well as local, state, and federal agencies; and sells land and properties.

Further Reading

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