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

StockNews.com assumed coverage on shares of American Realty Investors (NYSE:ARL) in a report released on Tuesday morning. The brokerage issued a hold rating on the financial services provider’s stock.

American Realty Investors Trading Down 7.0 %

ARL stock opened at $14.42 on Tuesday. The business has a fifty day moving average of $15.37 and a 200-day moving average of $16.05. The company has a market cap of $232.91 million, a P/E ratio of -14.00 and a beta of 0.65. American Realty Investors has a twelve month low of $12.51 and a twelve month high of $25.96. The company has a quick ratio of 8.52, a current ratio of 8.52 and a debt-to-equity ratio of 0.23.

American Realty Investors (NYSE:ARL) last announced its quarterly earnings data on Thursday, November 7th. The financial services provider reported ($1.08) earnings per share for the quarter. American Realty Investors had a negative net margin of 33.78% and a negative return on equity of 2.05%. The business had revenue of $11.61 million during the quarter.

Institutional Investors Weigh In On American Realty Investors

Several large investors have recently bought and sold shares of ARL. Barclays PLC raised its position in shares of American Realty Investors by 257.0% during the third quarter. Barclays PLC now owns 1,967 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,416 shares during the period. JPMorgan Chase & Co. lifted its position in American Realty Investors by 112.0% during the 3rd 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 in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of American Realty Investors by 1,262.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,864 shares of the financial services provider’s stock valued at $85,000 after buying an additional 4,507 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.