American Realty Investors (NYSE:ARL) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com started coverage on shares of American Realty Investors (NYSE:ARL) in a research note issued on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

Separately, TheStreet lowered American Realty Investors from a “b-” rating to a “c+” rating in a report on Thursday, September 21st.

American Realty Investors Stock Performance

Shares of American Realty Investors stock opened at $13.24 on Thursday. American Realty Investors has a 12-month low of $11.69 and a 12-month high of $31.59. The company has a current ratio of 9.18, a quick ratio of 9.18 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $15.08 and its 200-day moving average is $17.87.

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

Institutional Trading of American Realty Investors

Several large investors have recently modified their holdings of ARL. BlackRock Inc. boosted its stake in American Realty Investors by 18.5% in the second quarter. BlackRock Inc. now owns 100,558 shares of the financial services provider’s stock valued at $2,190,000 after buying an additional 15,729 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in American Realty Investors by 72.6% in the first quarter. Russell Investments Group Ltd. now owns 45,738 shares of the financial services provider’s stock valued at $1,204,000 after buying an additional 19,231 shares in the last quarter. Geode Capital Management LLC raised its position in American Realty Investors by 21.5% in the second quarter. Geode Capital Management LLC now owns 31,361 shares of the financial services provider’s stock valued at $683,000 after purchasing an additional 5,557 shares during the last quarter. Renaissance Technologies LLC raised its position in American Realty Investors by 17.1% in the second quarter. Renaissance Technologies LLC now owns 25,399 shares of the financial services provider’s stock valued at $360,000 after purchasing an additional 3,700 shares during the last quarter. Finally, State Street Corp raised its position in American Realty Investors by 6.8% in the second quarter. State Street Corp now owns 20,475 shares of the financial services provider’s stock valued at $446,000 after purchasing an additional 1,300 shares during the last quarter.

About American Realty Investors

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.