American Realty Investors (NYSE:ARL) Releases Quarterly Earnings Results

Key Points

• American Realty Investors reported $0.18 earnings per share (EPS) for the quarter with a negative return on equity of 1.86% and a negative net margin of 24.74%.
• Shares of American Realty Investors rose 3.2% to $13.37 during trading, with a market cap of $215.84 million and a P/E ratio of -18.31.
• Rhumbline Advisers increased its stake in American Realty Investors by 44.9%, indicating growing institutional interest in the company.

American Realty Investors (NYSE:ARL - Get Free Report) issued its quarterly earnings results on Thursday. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, Zacks reports. American Realty Investors had a negative return on equity of 1.86% and a negative net margin of 24.74%. The company had revenue of $12.16 million for the quarter.

American Realty Investors Trading Up 3.2%

Shares of NYSE ARL traded up $0.42 during trading on Friday, reaching $13.37. The company had a trading volume of 2,322 shares, compared to its average volume of 4,820. The company's fifty day moving average price is $14.06 and its 200-day moving average price is $13.48. American Realty Investors has a 12 month low of $9.43 and a 12 month high of $19.68. The stock has a market cap of $215.84 million, a P/E ratio of -18.31 and a beta of 0.71. The company has a quick ratio of 12.25, a current ratio of 12.25 and a debt-to-equity ratio of 0.25.

Institutional Investors Weigh In On American Realty Investors

A hedge fund recently raised its stake in American Realty Investors stock. Rhumbline Advisers raised its stake in American Realty Investors, Inc. (NYSE:ARL - Free Report) by 44.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,825 shares of the financial services provider's stock after buying an additional 876 shares during the period. Rhumbline Advisers' holdings in American Realty Investors were worth $31,000 as of its most recent SEC filing.

Analysts Set New Price Targets

Separately, Wall Street Zen initiated coverage on American Realty Investors in a research report on Thursday, May 15th. They set a "hold" rating on the stock.

American Realty Investors Company Profile

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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