American Realty Investors, Inc. (NYSE:ARL – Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.54 and traded as high as $18.55. American Realty Investors shares last traded at $17.7110, with a volume of 4,716 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of American Realty Investors in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Read Our Latest Analysis on American Realty Investors
American Realty Investors Price Performance
American Realty Investors (NYSE:ARL – Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.01 earnings per share for the quarter. American Realty Investors had a return on equity of 0.33% and a net margin of 11.74%.The business had revenue of $12.84 million for the quarter.
Hedge Funds Weigh In On American Realty Investors
Institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers grew its holdings in shares of American Realty Investors by 44.9% during the 1st quarter. Rhumbline Advisers now owns 2,825 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 876 shares in the last quarter. Invesco Ltd. bought a new position in shares of American Realty Investors in the first quarter worth about $111,000. Finally, Wealth Alliance Advisory Group LLC increased its stake in shares of American Realty Investors by 4.2% in the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 173,770 shares of the financial services provider’s stock valued at $2,907,000 after buying an additional 7,000 shares during the period.
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. It also offers tenant services, including parking and storage space rental; and sells land and properties.
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