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

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

American Realty Investors Trading Down 2.8 %

Shares of NYSE:ARL opened at $14.16 on Tuesday. The company has a market cap of $228.71 million, a P/E ratio of -13.75 and a beta of 0.63. The stock’s 50-day moving average is $14.54 and its 200-day moving average is $15.56. American Realty Investors has a 52-week low of $12.51 and a 52-week high of $22.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 8.52 and a current ratio of 8.52.

Institutional Investors Weigh In On American Realty Investors

Several hedge funds and other institutional investors have recently made changes to their positions in ARL. PFG Investments LLC acquired a new stake in shares of American Realty Investors in the fourth quarter valued at about $396,000. BNP Paribas Financial Markets grew its position in American Realty Investors by 1,262.5% during 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 in the last quarter. Northern Trust Corp grew its position in American Realty Investors by 20.4% during the fourth quarter. Northern Trust Corp now owns 24,632 shares of the financial services provider’s stock worth $362,000 after buying an additional 4,180 shares in the last quarter. JPMorgan Chase & Co. grew its position 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 buying an additional 2,805 shares in the last quarter. Finally, Geode Capital Management LLC grew its position 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 buying 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.