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

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

American Realty Investors Trading Up 13.9 %

Shares of ARL stock opened at $15.77 on Wednesday. The business’s fifty day moving average is $15.34 and its 200 day moving average is $16.07. The company has a market capitalization of $254.69 million, a PE ratio of -15.31 and a beta of 0.65. 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 has a 52-week low of $12.51 and a 52-week high of $25.96.

American Realty Investors (NYSE:ARL) last issued its earnings results on Thursday, November 7th. The financial services provider reported ($1.08) EPS for the quarter. The business had revenue of $11.61 million during the quarter. American Realty Investors had a negative return on equity of 2.05% and a negative net margin of 33.78%.

Institutional Investors Weigh In On American Realty Investors

Hedge funds have recently bought and sold shares of the business. Barclays PLC boosted its position in shares of American Realty Investors by 257.0% during 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 during the last quarter. BNP Paribas Financial Markets grew its position in shares of 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 valued at $85,000 after acquiring an additional 4,507 shares during the period. Finally, JPMorgan Chase & Co. increased its position in American Realty Investors by 112.0% in the third quarter. JPMorgan Chase & Co. now owns 2,798 shares of the financial services provider’s stock worth $49,000 after buying an additional 1,478 shares in the last 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.