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

Equities research analysts at StockNews.com began coverage on shares of American Realty Investors (NYSE:ARL) in a note issued to investors on Tuesday. 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 $14.75 on Tuesday. American Realty Investors has a 12-month low of $12.50 and a 12-month high of $25.96. The business’s 50 day moving average is $15.95 and its 200-day moving average is $15.52. The company has a current ratio of 25.18, a quick ratio of 25.18 and a debt-to-equity ratio of 0.22.

American Realty Investors (NYSE:ARL) last posted its quarterly earnings results on Thursday, November 7th. The financial services provider reported ($1.08) earnings per share for the quarter. The business had revenue of $11.61 million during the quarter. American Realty Investors had a negative net margin of 33.78% and a negative return on equity of 2.04%.

Hedge Funds Weigh In On American Realty Investors

A hedge fund recently raised its stake in American Realty Investors stock. BNP Paribas Financial Markets raised its position in American Realty Investors, Inc. (NYSE:ARL) by 425.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,448 shares of the financial services provider’s stock after acquiring an additional 2,792 shares during the period. BNP Paribas Financial Markets’ holdings in American Realty Investors were worth $62,000 as of its most recent filing with the SEC.

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.