American Realty Investors (NYSE:ARL - Get Free Report)'s stock had its "sell (d+)" rating reissued by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.
American Realty Investors Trading Up 5.4%
Shares of ARL stock traded up $0.85 on Wednesday, reaching $16.60. 3,159 shares of the stock were exchanged, compared to its average volume of 4,309. The stock has a market cap of $268.09 million, a P/E ratio of -22.74 and a beta of 0.84. The company has a quick ratio of 6.31, a current ratio of 6.31 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average of $15.31 and a two-hundred day moving average of $13.92. American Realty Investors has a 1-year low of $9.43 and a 1-year high of $18.00.
American Realty Investors (NYSE:ARL - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter. American Realty Investors had a negative return on equity of 1.86% and a negative net margin of 24.74%.The firm had revenue of $12.16 million during the quarter.
Hedge Funds Weigh In On American Realty Investors
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARL. PFG Investments LLC boosted its position in American Realty Investors by 38.1% in the 1st quarter. PFG Investments LLC now owns 37,300 shares of the financial services provider's stock valued at $408,000 after buying an additional 10,300 shares during the last quarter. Invesco Ltd. bought a new position in shares of American Realty Investors during the first quarter worth about $111,000. Rhumbline Advisers raised its position in shares of American Realty Investors by 44.9% during the 1st quarter. Rhumbline Advisers now owns 2,825 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 876 shares in the last quarter. Finally, Wealth Alliance Advisory Group LLC boosted its holdings in American Realty Investors by 1.1% in the second quarter. Wealth Alliance Advisory Group LLC now owns 166,770 shares of the financial services provider's stock worth $2,355,000 after purchasing an additional 1,770 shares during the period.
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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