American Realty Investors (NYSE:ARL) Now Covered by StockNews.com

Equities researchers at StockNews.com began coverage on shares of American Realty Investors (NYSE:ARL) in a research note issued on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

American Realty Investors Trading Down 3.1 %

Shares of ARL stock opened at $13.94 on Wednesday. The company has a market capitalization of $225.15 million, a P/E ratio of -13.53 and a beta of 0.65. American Realty Investors has a 12-month low of $12.51 and a 12-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. The firm has a 50-day moving average price of $15.32 and a 200 day moving average price of $16.06.

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

Hedge Funds Weigh In On American Realty Investors

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC increased its stake in shares of American Realty Investors by 257.0% in the third quarter. Barclays PLC now owns 1,967 shares of the financial services provider’s stock valued at $34,000 after buying an additional 1,416 shares in the last quarter. JPMorgan Chase & Co. grew its holdings 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 acquiring an additional 1,478 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in 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 during 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.