StockNews.com Begins Coverage on American Realty Investors (NYSE:ARL)

Investment analysts at StockNews.com began coverage on shares of American Realty Investors (NYSE:ARLGet Free Report) in a report released on Monday. The firm set a “hold” rating on the financial services provider’s stock.

American Realty Investors Stock Performance

ARL stock opened at $17.92 on Monday. The firm has a fifty day moving average price of $20.43 and a two-hundred day moving average price of $17.40. The company has a current ratio of 28.29, a quick ratio of 28.29 and a debt-to-equity ratio of 0.22. American Realty Investors has a 1-year low of $11.69 and a 1-year high of $26.50.

American Realty Investors (NYSE:ARLGet Free Report) last announced its earnings results on Thursday, March 21st. The financial services provider reported ($0.13) earnings per share (EPS) for the quarter. American Realty Investors had a net margin of 7.86% and a return on equity of 0.49%. The company had revenue of $14.05 million during the quarter.

Institutional Trading of American Realty Investors

Hedge funds have recently bought and sold shares of the company. Northern Trust Corp purchased a new stake in shares of American Realty Investors in the second quarter worth approximately $216,000. Renaissance Technologies LLC lifted its position in shares of American Realty Investors by 17.1% in the second quarter. Renaissance Technologies LLC now owns 25,399 shares of the financial services provider’s stock worth $360,000 after purchasing an additional 3,700 shares in the last quarter. State Street Corp purchased a new stake in shares of American Realty Investors in the second quarter worth approximately $245,000. Bank of America Corp DE lifted its position in shares of American Realty Investors by 80.0% in the fourth quarter. Bank of America Corp DE now owns 3,233 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 1,437 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC lifted its position in shares of American Realty Investors by 460.9% in the first quarter. BNP Paribas Arbitrage SNC now owns 3,999 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 3,286 shares in the last quarter.

About American Realty Investors

(Get Free Report)

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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