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

StockNews.com started coverage on shares of American Realty Investors (NYSE:ARL) in a report issued on Wednesday. The firm issued a hold rating on the financial services provider’s stock.

American Realty Investors Trading Down 2.1 %

American Realty Investors stock opened at $14.17 on Wednesday. The company’s fifty day simple moving average is $14.46 and its 200-day simple moving average is $15.46. The company has a quick ratio of 8.52, a current ratio of 8.52 and a debt-to-equity ratio of 0.23. American Realty Investors has a 12 month low of $12.51 and a 12 month high of $22.77. The stock has a market cap of $228.87 million, a P/E ratio of -13.76 and a beta of 0.56.

Hedge Funds Weigh In On American Realty Investors

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