American Realty Investors (NYSE:ARL) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of American Realty Investors (NYSE:ARL) in a report released on Friday. The firm set a “hold” rating on the financial services provider’s stock.

American Realty Investors Trading Down 1.2 %

Shares of NYSE ARL opened at $13.61 on Friday. The business has a 50 day simple moving average of $17.01 and a 200 day simple moving average of $17.42. American Realty Investors has a 52 week low of $11.69 and a 52 week high of $25.96. The company has a debt-to-equity ratio of 0.22, a current ratio of 28.29 and a quick ratio of 28.29.

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

Institutional Trading of American Realty Investors

A hedge fund recently raised its stake in American Realty Investors stock. BNP Paribas Financial Markets boosted its stake in American Realty Investors, Inc. (NYSE:ARL) by 425.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,448 shares of the financial services provider’s stock after buying an additional 2,792 shares during the quarter. BNP Paribas Financial Markets’ holdings in American Realty Investors were worth $62,000 at the end of the most recent quarter.

American Realty Investors Company Profile

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.