Shares of American Realty Investors, Inc. (NYSE:ARL – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.88 and traded as high as $17.12. American Realty Investors shares last traded at $17.09, with a volume of 729 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of American Realty Investors in a research report on Thursday, August 15th. They set a “hold” rating on the stock.
View Our Latest Stock Analysis on American Realty Investors
American Realty Investors Trading Down 0.8 %
American Realty Investors (NYSE:ARL – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.07 earnings per share for the quarter. American Realty Investors had a net margin of 7.53% and a return on equity of 0.46%. The business had revenue of $11.77 million during the quarter.
Institutional Trading of American Realty Investors
A hedge fund recently raised its stake in American Realty Investors stock. Russell Investments Group Ltd. raised its stake in shares of American Realty Investors, Inc. (NYSE:ARL – Free Report) by 210.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,115 shares of the financial services provider’s stock after buying an additional 38,716 shares during the quarter. Russell Investments Group Ltd. owned about 0.35% of American Realty Investors worth $1,024,000 at the end of the most recent reporting 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.
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