American Realty Investors (NYSE:ARL) Share Price Passes Above 200-Day Moving Average – Here’s Why

American Realty Investors, Inc. (NYSE:ARL) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $16.32 and traded as high as $17.05. American Realty Investors shares last traded at $15.29, with a volume of 2,601 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of American Realty Investors in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

American Realty Investors Stock Down 5.8%

The company’s fifty day simple moving average is $17.06 and its 200 day simple moving average is $16.32. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $246.93 million, a P/E ratio of 42.47 and a beta of 0.69.

American Realty Investors (NYSE:ARL) last announced its earnings results on Thursday, March 12th. The financial services provider reported $0.60 earnings per share for the quarter. American Realty Investors had a net margin of 11.74% and a return on equity of 0.33%. The firm had revenue of $13.01 million for the quarter.

Institutional Trading of American Realty Investors

Large investors have recently bought and sold shares of the company. Rhumbline Advisers raised its position in shares of American Realty Investors by 44.9% in the 1st quarter. Rhumbline Advisers now owns 2,825 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 876 shares in the last quarter. Invesco Ltd. purchased a new position in shares of American Realty Investors in the 1st quarter valued at approximately $111,000. Finally, Wealth Alliance Advisory Group LLC boosted its position in shares of American Realty Investors by 4.2% during the third quarter. Wealth Alliance Advisory Group LLC now owns 173,770 shares of the financial services provider’s stock valued at $2,907,000 after purchasing an additional 7,000 shares in 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. It also offers tenant services, including parking and storage space rental; and sells land and properties.