American Realty Investors (NYSE:ARL) Shares Pass Below 200 Day Moving Average of $20.99

American Realty Investors, Inc. (NYSE:ARL)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.99 and traded as low as $17.72. American Realty Investors shares last traded at $18.49, with a volume of 9,120 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of American Realty Investors in a research report on Thursday, August 17th. They set a “hold” rating for the company.

American Realty Investors Stock Up 2.7 %

The company’s fifty day moving average is $19.89 and its 200 day moving average is $20.99. The company has a quick ratio of 9.18, a current ratio of 9.18 and a debt-to-equity ratio of 0.23.

American Realty Investors (NYSE:ARL) last posted its earnings results on Thursday, August 10th. The financial services provider reported $0.01 earnings per share (EPS) for the quarter. American Realty Investors had a net margin of 765.72% and a return on equity of 36.71%. The business had revenue of $12.24 million for the quarter.

Hedge Funds Weigh In On American Realty Investors

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in American Realty Investors by 80.0% in the 4th quarter. Bank of America Corp DE now owns 3,233 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 1,437 shares during the period. BNP Paribas Arbitrage SNC raised its position in American Realty Investors by 460.9% in the 1st quarter. BNP Paribas Arbitrage SNC now owns 3,999 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 3,286 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in American Realty Investors in the 1st quarter worth $108,000. Royal Bank of Canada grew its holdings in American Realty Investors by 44.4% in the 2nd quarter. Royal Bank of Canada now owns 6,663 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 2,049 shares during the last quarter. Finally, Northern Trust Corp bought a new stake in American Realty Investors in the 2nd quarter worth $216,000.

American Realty Investors Company Profile

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.