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

StockNews.com assumed coverage on shares of American Realty Investors (NYSE:ARL) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the financial services provider’s stock.

American Realty Investors Price Performance

Shares of ARL opened at $14.43 on Friday. The firm has a market capitalization of $232.98 million, a price-to-earnings ratio of -14.01 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 one year low of $12.51 and a one year high of $23.44. The stock’s fifty day moving average is $15.55 and its 200-day moving average is $16.12.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Barclays PLC boosted its position in shares of American Realty Investors by 257.0% during the 3rd quarter. Barclays PLC now owns 1,967 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 1,416 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in American Realty Investors by 112.0% during the third quarter. JPMorgan Chase & Co. now owns 2,798 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 1,478 shares during the last quarter. BNP Paribas Financial Markets grew its position in American Realty Investors by 1,262.5% in the third quarter. BNP Paribas Financial Markets now owns 4,864 shares of the financial services provider’s stock worth $85,000 after buying an additional 4,507 shares during the last quarter. Finally, PFG Investments LLC bought a new position in shares of American Realty Investors in the fourth quarter valued at $396,000.

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.