Equities research analysts at StockNews.com started coverage on shares of American Realty Investors (NYSE:ARL - Get Free Report) in a research report issued to clients and investors on Thursday. The brokerage set a "hold" rating on the financial services provider's stock.
American Realty Investors Stock Up 2.3%
NYSE:ARL opened at $13.40 on Thursday. American Realty Investors has a 1-year low of $9.43 and a 1-year high of $22.77. The company has a debt-to-equity ratio of 0.23, a current ratio of 8.52 and a quick ratio of 8.52. The firm has a market capitalization of $216.44 million, a P/E ratio of -13.01 and a beta of 0.66. The company's fifty day moving average price is $12.31 and its 200-day moving average price is $14.01.
American Realty Investors (NYSE:ARL - Get Free Report) last announced its earnings results on Thursday, May 8th. 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%.
Hedge Funds Weigh In On American Realty Investors
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased 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 worth $34,000 after acquiring an additional 1,416 shares during the last quarter. JPMorgan Chase & Co. increased its position in American Realty Investors by 112.0% during 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 during the last quarter. Invesco Ltd. purchased a new position in American Realty Investors during the first quarter worth about $111,000. Northern Trust Corp boosted its holdings in American Realty Investors by 20.4% in the 4th quarter. Northern Trust Corp now owns 24,632 shares of the financial services provider's stock valued at $362,000 after purchasing an additional 4,180 shares during the last quarter. Finally, PFG Investments LLC purchased a new stake in shares of American Realty Investors in the 4th quarter valued at approximately $396,000.
American Realty Investors Company Profile
(
Get Free Report)
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.
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