Stock analysts at StockNews.com started coverage on shares of American Realty Investors (NYSE:ARL – Get Rating) in a note issued to investors on Monday. The firm set a “sell” rating on the financial services provider’s stock.
American Realty Investors Price Performance
NYSE:ARL opened at $20.50 on Monday. The stock has a market cap of $331.12 million, a PE ratio of 1.02 and a beta of 0.58. American Realty Investors has a one year low of $11.10 and a one year high of $23.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.78 and a current ratio of 4.78. The stock has a 50 day moving average price of $16.80 and a 200 day moving average price of $16.52.
Institutional Trading of American Realty Investors
Hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp purchased a new stake in shares of American Realty Investors during the 2nd quarter worth approximately $216,000. Renaissance Technologies LLC raised its holdings in American Realty Investors by 17.1% in the 2nd quarter. Renaissance Technologies LLC now owns 25,399 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 3,700 shares during the last quarter. Finally, State Street Corp acquired a new position in American Realty Investors in the 2nd quarter valued at $245,000. Institutional investors and hedge funds own 1.10% of the company’s stock.
American Realty Investors Company Profile
American Realty Investors, Inc, together with its subsidiaries, acquires, develops, and owns multifamily apartment communities and commercial real estate properties in the southwestern, southeastern, and mid-western United States. The company leases apartment units to residents; and leases office, industrial, and retail space to various for-profit businesses, as well as local, state, and federal agencies; and sells land and properties.
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