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

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

American Realty Investors Price Performance

Shares of NYSE:ARL opened at $14.16 on Monday. The firm has a 50 day moving average of $14.62 and a 200-day moving average of $15.66. American Realty Investors has a 12 month low of $12.51 and a 12 month high of $22.77. The company has a current ratio of 8.52, a quick ratio of 8.52 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $228.71 million, a PE ratio of -13.75 and a beta of 0.63.

Institutional Investors Weigh In On American Realty Investors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. PFG Investments LLC bought a new position in shares of American Realty Investors in the 4th quarter valued at $396,000. BNP Paribas Financial Markets boosted its stake 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 valued at $85,000 after buying an additional 4,507 shares in the last quarter. Northern Trust Corp grew its position in American Realty Investors by 20.4% in the fourth quarter. Northern Trust Corp now owns 24,632 shares of the financial services provider’s stock valued at $362,000 after acquiring an additional 4,180 shares during the last quarter. JPMorgan Chase & Co. raised its stake in American Realty Investors by 100.3% during the fourth quarter. JPMorgan Chase & Co. now owns 5,603 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 2,805 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in American Realty Investors by 6.2% during the fourth quarter. Geode Capital Management LLC now owns 34,629 shares of the financial services provider’s stock worth $508,000 after acquiring an additional 2,028 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.