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

Stock analysts at StockNews.com began coverage on shares of American Realty Investors (NYSE:ARL) in a research report issued on Thursday. The brokerage set a “hold” rating on the financial services provider’s stock.

American Realty Investors Price Performance

NYSE:ARL opened at $12.79 on Thursday. 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 company has a market capitalization of $206.58 million, a P/E ratio of -12.42 and a beta of 0.56. American Realty Investors has a 12 month low of $12.29 and a 12 month high of $22.77. The business’s 50-day moving average is $14.30 and its 200 day moving average is $15.23.

American Realty Investors (NYSE:ARL) last posted its earnings results on Thursday, March 20th. The financial services provider reported ($0.01) EPS for the quarter. The firm had revenue of $12.04 million during the quarter. American Realty Investors had a negative return on equity of 2.05% and a negative net margin of 33.78%.

Institutional Investors Weigh In On American Realty Investors

A number of hedge funds have recently made changes to their positions in ARL. BNP Paribas Financial Markets raised 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 valued at $85,000 after purchasing an additional 4,507 shares during the period. Barclays PLC raised its position in American Realty Investors by 257.0% during the third 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 during the period. JPMorgan Chase & Co. raised its position 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 period. PFG Investments LLC purchased a new stake in American Realty Investors during the fourth quarter valued at approximately $396,000. Finally, Geode Capital Management LLC raised 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 valued at $508,000 after purchasing an additional 2,028 shares during the period.

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.