StockNews.com Begins Coverage on American Realty Investors (NYSE:ARL)

StockNews.com began coverage on shares of American Realty Investors (NYSE:ARL) in a research report issued on Saturday. The firm set a “hold” rating on the financial services provider’s stock.

American Realty Investors Stock Up 2.2 %

ARL stock opened at $17.00 on Friday. American Realty Investors has a 1-year low of $12.51 and a 1-year high of $25.96. The business’s 50-day moving average price is $15.36 and its two-hundred day moving average price is $15.84. 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 (NYSE:ARL) last issued its earnings results on Thursday, November 7th. The financial services provider reported ($1.08) earnings per share for the quarter. American Realty Investors had a negative return on equity of 2.05% and a negative net margin of 33.78%. The firm had revenue of $11.61 million for the quarter.

Hedge Funds Weigh In On American Realty Investors

An institutional investor recently raised its position in American Realty Investors stock. BNP Paribas Financial Markets lifted its position in shares of American Realty Investors, Inc. (NYSE:ARL) by 1,262.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,864 shares of the financial services provider’s stock after purchasing an additional 4,507 shares during the period. BNP Paribas Financial Markets’ holdings in American Realty Investors were worth $85,000 as of its most recent filing with the Securities and Exchange Commission.

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.