American Realty Investors (NYSE:ARL) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of American Realty Investors (NYSE:ARL) in a note issued to investors on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

American Realty Investors Trading Down 8.1 %

Shares of NYSE ARL opened at $12.79 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 8.52 and a current ratio of 8.52. The business’s 50 day moving average price is $14.30 and its 200-day moving average price is $15.23. American Realty Investors has a fifty-two week low of $12.29 and a fifty-two week high of $22.77. The company has a market cap of $206.58 million, a price-to-earnings ratio of -12.42 and a beta of 0.56.

American Realty Investors (NYSE:ARL) last issued its quarterly earnings results on Thursday, March 20th. The financial services provider reported ($0.01) 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 business had revenue of $12.04 million during the quarter.

Institutional Investors Weigh In On American Realty Investors

Several hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC raised its holdings 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 worth $34,000 after buying an additional 1,416 shares during the period. JPMorgan Chase & Co. grew its stake in 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 purchasing an additional 1,478 shares in the last quarter. Geode Capital Management LLC grew its stake in American Realty Investors by 6.2% in the fourth quarter. Geode Capital Management LLC now owns 34,629 shares of the financial services provider’s stock worth $508,000 after purchasing an additional 2,028 shares in the last quarter. Northern Trust Corp grew its stake in American Realty Investors by 20.4% in the fourth quarter. Northern Trust Corp now owns 24,632 shares of the financial services provider’s stock worth $362,000 after purchasing an additional 4,180 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in American Realty Investors by 1,262.5% in the third quarter. BNP Paribas Financial Markets now owns 4,864 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 4,507 shares in 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.