American Realty Investors (NYSE:ARL) Now Covered by StockNews.com

StockNews.com began coverage on shares of American Realty Investors (NYSE:ARL) in a research note issued to investors on Saturday. The brokerage issued a hold rating on the financial services provider’s stock.

American Realty Investors Stock Performance

Shares of ARL stock opened at $10.84 on Friday. The firm has a 50 day moving average of $13.54 and a 200-day moving average of $14.81. The company has a market cap of $175.01 million, a price-to-earnings ratio of -10.52 and a beta of 0.56. The company has a quick ratio of 8.52, a current ratio of 8.52 and a debt-to-equity ratio of 0.23. American Realty Investors has a 52 week low of $9.43 and a 52 week high of $22.77.

American Realty Investors (NYSE:ARL) last posted its quarterly earnings results on Thursday, March 20th. The financial services provider reported ($0.01) earnings per share for the quarter. The company had revenue of $12.04 million during the quarter. American Realty Investors had a negative net margin of 33.78% and a negative return on equity of 2.05%.

Hedge Funds Weigh In On American Realty Investors

Institutional investors have recently modified their holdings of the company. Barclays PLC grew its position in American Realty Investors by 257.0% in the 3rd quarter. Barclays PLC now owns 1,967 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 1,416 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of American Realty Investors by 112.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,798 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 1,478 shares during the last quarter. Geode Capital Management LLC lifted its position in American Realty Investors by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 34,629 shares of the financial services provider’s stock valued at $508,000 after acquiring an additional 2,028 shares in the last quarter. Northern Trust Corp boosted its stake in American Realty Investors by 20.4% during the 4th quarter. Northern Trust Corp now owns 24,632 shares of the financial services provider’s stock valued at $362,000 after purchasing an additional 4,180 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in American Realty Investors by 1,262.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,864 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 4,507 shares in 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.