American Realty Investors (NYSE:ARL) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of American Realty Investors (NYSE:ARL) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

American Realty Investors Stock Performance

Shares of American Realty Investors stock opened at $15.50 on Wednesday. The company’s fifty day simple moving average is $18.90 and its 200-day simple moving average is $17.48. American Realty Investors has a 1-year low of $11.69 and a 1-year high of $25.96. The company has a current ratio of 28.29, a quick ratio of 28.29 and a debt-to-equity ratio of 0.22.

American Realty Investors (NYSE:ARL) last issued its quarterly earnings results on Thursday, March 21st. The financial services provider reported ($0.13) earnings per share for the quarter. The business had revenue of $14.05 million for the quarter. American Realty Investors had a return on equity of 0.49% and a net margin of 7.86%.

Institutional Trading of American Realty Investors

Several institutional investors and hedge funds have recently modified their holdings of ARL. BlackRock Inc. increased its holdings in shares of American Realty Investors by 27.5% in the 1st quarter. BlackRock Inc. now owns 84,829 shares of the financial services provider’s stock worth $2,233,000 after buying an additional 18,322 shares during the last quarter. State Street Corp bought a new stake in shares of American Realty Investors in the 2nd quarter worth about $245,000. Northern Trust Corp bought a new stake in shares of American Realty Investors in the 2nd quarter worth about $216,000. Russell Investments Group Ltd. increased its holdings in shares of American Realty Investors by 227.3% in the 4th quarter. Russell Investments Group Ltd. now owns 18,399 shares of the financial services provider’s stock worth $320,000 after buying an additional 12,778 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of American Realty Investors by 37.3% in the 1st quarter. Geode Capital Management LLC now owns 25,804 shares of the financial services provider’s stock worth $679,000 after buying an additional 7,004 shares during the last quarter.

About American Realty Investors

American Realty Investors, Inc, together with its subsidiaries, acquires, develops, owns, and manages multifamily and commercial real estate properties in the Southern United States. It operates through two segments, Residential and Commercial. The company leases apartment units to residents; and office, industrial, and retail space to various for-profit businesses, as well as local, state, and federal agencies.