American Realty Investors (NYSE:ARL – Get Free Report) released its quarterly earnings data on Thursday. The financial services provider reported ($1.08) earnings per share for the quarter, reports. The firm had revenue of $11.61 million during the quarter. American Realty Investors had a net margin of 7.53% and a return on equity of 0.46%.
American Realty Investors Stock Performance
NYSE:ARL traded down $0.18 during trading hours on Friday, reaching $14.74. 13,535 shares of the company’s stock were exchanged, compared to its average volume of 6,960. The firm has a market capitalization of $238.05 million, a price-to-earnings ratio of -14.43 and a beta of 0.60. The company has a 50-day moving average of $16.04 and a 200 day moving average of $15.49. The company has a quick ratio of 25.18, a current ratio of 25.18 and a debt-to-equity ratio of 0.22. American Realty Investors has a 1-year low of $12.50 and a 1-year high of $25.96.
Hedge Funds Weigh In On American Realty Investors
A hedge fund recently raised its stake in American Realty Investors stock. Russell Investments Group Ltd. increased its stake in American Realty Investors, Inc. (NYSE:ARL – Free Report) by 210.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,115 shares of the financial services provider’s stock after buying an additional 38,716 shares during the period. 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.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on ARL
About American Realty Investors
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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