American Realty Investors (NYSE:ARL) Share Price Crosses Below Two Hundred Day Moving Average of $17.42

Shares of American Realty Investors, Inc. (NYSE:ARL) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.42 and traded as low as $12.80. American Realty Investors shares last traded at $12.80, with a volume of 3,572 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of American Realty Investors in a research note on Thursday. They issued a “hold” rating for the company.

American Realty Investors Price Performance

The business’s 50 day moving average is $13.99 and its 200 day moving average is $17.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 33.02 and a current ratio of 33.02.

American Realty Investors (NYSE:ARL) last announced its quarterly earnings results on Thursday, May 9th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $11.90 million during the quarter. American Realty Investors had a return on equity of 0.34% and a net margin of 5.41%.

Institutional Trading of American Realty Investors

A hedge fund recently raised its stake in American Realty Investors stock. BNP Paribas Financial Markets increased its stake in shares of American Realty Investors, Inc. (NYSE:ARL) by 425.6% during the 1st quarter, according to 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 acquiring 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.

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.