American Realty Investors (NYSE:ARL) Stock Price Passes Below Two Hundred Day Moving Average - Here's Why

Key Points

• American Realty Investors (NYSE: ARL) has seen its stock price fall below the 200-day moving average of $13.52, trading as low as $12.70 before closing at $13.02.
• Wall Street Zen has initiated coverage on ARL, giving the stock a "hold" rating based on recent performance.
• The company reported a negative EPS of ($0.01) for the last quarter and has a market capitalization of $210.27 million with a P/E ratio of -15.50.

American Realty Investors, Inc. (NYSE:ARL - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.52 and traded as low as $12.70. American Realty Investors shares last traded at $13.02, with a volume of 1,845 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen initiated coverage on shares of American Realty Investors in a report on Thursday, May 15th. They issued a "hold" rating for the company.

American Realty Investors Stock Performance

The company has a market cap of $215.87 million, a price-to-earnings ratio of -15.91 and a beta of 0.71. The stock's fifty day simple moving average is $14.09 and its two-hundred day simple moving average is $13.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 12.25 and a current ratio of 12.25.

American Realty Investors (NYSE:ARL - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.18 EPS for the quarter. American Realty Investors had a negative net margin of 28.44% and a negative return on equity of 2.06%. The firm had revenue of $12.16 million for the quarter.

Institutional Investors Weigh In On American Realty Investors

Several hedge funds have recently made changes to their positions in ARL. Wealth Alliance Advisory Group LLC increased its stake in shares of American Realty Investors by 10.0% during the 1st quarter. Wealth Alliance Advisory Group LLC now owns 165,000 shares of the financial services provider's stock worth $1,807,000 after purchasing an additional 15,000 shares during the last quarter. PFG Investments LLC grew its stake 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. acquired a new position in American Realty Investors in the 1st quarter valued at $111,000. Northern Trust Corp grew its stake 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 buying an additional 4,180 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in American Realty Investors by 100.3% in the 4th quarter. JPMorgan Chase & Co. now owns 5,603 shares of the financial services provider's stock valued at $82,000 after buying an additional 2,805 shares during 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.