Research analysts at StockNews.com started coverage on shares of American Realty Investors (NYSE:ARL - Get Free Report) in a research note issued to investors on Thursday. The firm set a "hold" rating on the financial services provider's stock.
American Realty Investors Stock Up 1.8%
Shares of American Realty Investors stock traded up $0.23 during trading hours on Thursday, hitting $13.37. The company had a trading volume of 1,819 shares, compared to its average volume of 8,093. The company has a debt-to-equity ratio of 0.23, a current ratio of 8.52 and a quick ratio of 8.52. American Realty Investors has a twelve month low of $9.43 and a twelve month high of $22.77. The company has a market cap of $215.95 million, a P/E ratio of -12.98 and a beta of 0.66. The company's 50-day moving average is $12.26 and its two-hundred day moving average is $14.00.
American Realty Investors (NYSE:ARL - Get Free Report) last released its earnings results on Thursday, May 8th. The financial services provider reported ($0.01) EPS for 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
Several hedge funds and other institutional investors have recently made changes to their positions in ARL. Barclays PLC lifted its stake in American Realty Investors by 257.0% during the third 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. grew its position 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 valued at $49,000 after acquiring an additional 1,478 shares during the period. Invesco Ltd. bought a new stake in American Realty Investors during the first quarter worth about $111,000. Northern Trust Corp grew its holdings in American Realty Investors by 20.4% during the 4th quarter. Northern Trust Corp now owns 24,632 shares of the financial services provider's stock worth $362,000 after acquiring an additional 4,180 shares during the last quarter. Finally, PFG Investments LLC bought a new stake in shares of American Realty Investors during the fourth quarter valued at approximately $396,000.
About American Realty Investors
(
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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