American Realty Investors, Inc. (NYSE:ARL – Get Free Report)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.23 and traded as low as $14.15. American Realty Investors shares last traded at $14.7910, with a volume of 6,422 shares traded.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of American Realty Investors in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, American Realty Investors presently has an average rating of “Hold”.
Get Our Latest Stock Report on ARL
American Realty Investors Trading Up 1.5%
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in ARL. Rhumbline Advisers increased its stake in American Realty Investors by 44.9% in the first quarter. Rhumbline Advisers now owns 2,825 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 876 shares during the last quarter. Invesco Ltd. bought a new position in American Realty Investors in the first quarter valued at $111,000. Finally, Wealth Alliance Advisory Group LLC increased its stake in American Realty Investors by 4.2% in 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 acquiring an additional 7,000 shares during the last quarter.
American Realty Investors Company Profile
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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