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

StockNews.com started coverage on shares of American Realty Investors (NYSE:ARL) in a research report report published on Friday. The firm issued a hold rating on the financial services provider’s stock.

American Realty Investors Stock Down 2.4 %

ARL stock opened at $11.21 on Friday. American Realty Investors has a one year low of $10.25 and a one year high of $22.77. The firm has a market cap of $181.06 million, a PE ratio of -10.88 and a beta of 0.56. The firm’s 50 day moving average price is $14.01 and its 200-day moving average price is $15.03. The company has a debt-to-equity ratio of 0.23, a quick ratio of 8.52 and a current ratio of 8.52.

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

Institutional Investors Weigh In On American Realty Investors

A number of institutional investors have recently made changes to their positions in ARL. BNP Paribas Financial Markets increased its holdings in American Realty Investors by 1,262.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,864 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 4,507 shares during the last quarter. Barclays PLC grew its stake in shares of American Realty Investors by 257.0% in the third quarter. Barclays PLC now owns 1,967 shares of the financial services provider’s stock valued at $34,000 after buying an additional 1,416 shares in the last quarter. 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 valued at $49,000 after buying an additional 1,478 shares during the period. PFG Investments LLC acquired a new position in American Realty Investors during the 4th quarter worth about $396,000. Finally, Geode Capital Management LLC boosted its holdings in American Realty Investors by 6.2% during 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 during the period.

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.