Equities research analysts at StockNews.com initiated coverage on shares of American Realty Investors (NYSE:ARL – Get Free Report) in a note issued to investors on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.
American Realty Investors Price Performance
ARL opened at $22.48 on Tuesday. American Realty Investors has a 1-year low of $11.69 and a 1-year high of $31.59. The company has a 50 day simple moving average of $19.65 and a two-hundred day simple moving average of $17.43. The company has a current ratio of 9.23, a quick ratio of 9.23 and a debt-to-equity ratio of 0.22.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its position in shares of American Realty Investors by 227.3% in the 4th quarter. Russell Investments Group Ltd. now owns 18,399 shares of the financial services provider’s stock worth $320,000 after buying an additional 12,778 shares during the last quarter. Vanguard Group Inc. lifted its stake in American Realty Investors by 9.2% during the 3rd quarter. Vanguard Group Inc. now owns 20,515 shares of the financial services provider’s stock valued at $300,000 after acquiring an additional 1,729 shares during the period. Deutsche Bank AG lifted its stake in American Realty Investors by 164.6% during the 3rd quarter. Deutsche Bank AG now owns 1,855 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 1,154 shares during the period. Northern Trust Corp lifted its stake in shares of American Realty Investors by 6.1% in the 3rd quarter. Northern Trust Corp now owns 15,565 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 891 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of American Realty Investors by 44.4% in the 2nd quarter. Royal Bank of Canada now owns 6,663 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 2,049 shares during the period.
About American Realty Investors
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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