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

Equities researchers at StockNews.com began coverage on shares of American Realty Investors (NYSE:ARLGet Free Report) in a research note issued on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

American Realty Investors Trading Down 2.6 %

Shares of ARL opened at $15.71 on Thursday. The company has a current ratio of 8.52, a quick ratio of 8.52 and a debt-to-equity ratio of 0.23. American Realty Investors has a 12-month low of $12.51 and a 12-month high of $25.96. The firm has a 50-day moving average price of $15.43 and a 200 day moving average price of $16.12. The firm has a market capitalization of $253.64 million, a P/E ratio of -15.25 and a beta of 0.65.

American Realty Investors (NYSE:ARLGet Free Report) last announced its earnings results on Thursday, November 7th. The financial services provider reported ($1.08) earnings per share for the quarter. The company had revenue of $11.61 million for the quarter. American Realty Investors had a negative return on equity of 2.05% and a negative net margin of 33.78%.

Institutional Trading of American Realty Investors

Several hedge funds have recently made changes to their positions in the business. PFG Investments LLC acquired a new stake in shares of American Realty Investors during the fourth quarter worth about $396,000. BNP Paribas Financial Markets lifted its position in shares of American Realty Investors by 1,262.5% during the third quarter. BNP Paribas Financial Markets now owns 4,864 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 4,507 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of American Realty Investors by 112.0% during the third quarter. JPMorgan Chase & Co. now owns 2,798 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 1,478 shares in the last quarter. Finally, Barclays PLC raised its holdings in American Realty Investors by 257.0% in the third quarter. Barclays PLC now owns 1,967 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,416 shares in the last quarter.

About American Realty Investors

(Get Free Report)

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.

Further Reading

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