American Realty Investors (NYSE:ARL) Shares Pass Above 50-Day Moving Average – Here’s Why

American Realty Investors, Inc. (NYSE:ARL) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $15.36 and traded as high as $16.08. American Realty Investors shares last traded at $15.86, with a volume of 2,358 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of American Realty Investors in a research report on Tuesday. They set a “hold” rating on the stock.

American Realty Investors Price Performance

The firm has a market capitalization of $256.17 million, a price-to-earnings ratio of -15.40 and a beta of 0.65. The company has a quick ratio of 8.52, a current ratio of 8.52 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average price is $15.36 and its two-hundred day moving average price is $16.05.

American Realty Investors (NYSE:ARL) last posted its quarterly earnings results on Thursday, November 7th. The financial services provider reported ($1.08) earnings per share for the quarter. The firm 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 Inflows and Outflows

Several hedge funds have recently modified their holdings of ARL. Barclays PLC lifted its stake in shares of American Realty Investors by 257.0% in the 3rd quarter. Barclays PLC now owns 1,967 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 1,416 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of American Realty Investors by 112.0% in the third quarter. JPMorgan Chase & Co. now owns 2,798 shares of the financial services provider’s stock worth $49,000 after buying an additional 1,478 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of American Realty Investors by 1,262.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,864 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 4,507 shares in 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.