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 research note published on Friday. The brokerage issued a hold rating on the financial services provider’s stock.

American Realty Investors Trading Down 2.4 %

Shares of American Realty Investors stock opened at $11.21 on Friday. American Realty Investors has a 12-month low of $10.25 and a 12-month high of $22.77. The firm’s 50 day simple moving average is $14.01 and its two-hundred day simple moving average is $15.01. 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 firm has a market capitalization of $181.06 million, a price-to-earnings ratio of -10.88 and a beta of 0.56.

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

Institutional Investors Weigh In On American Realty Investors

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of 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 acquiring an additional 2,028 shares during the period. PFG Investments LLC purchased a new position in shares of American Realty Investors in the 4th quarter valued at about $396,000. Northern Trust Corp boosted 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 purchasing an additional 4,180 shares in the last quarter. JPMorgan Chase & Co. grew 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 valued at $82,000 after purchasing an additional 2,805 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of American Realty Investors by 1,262.5% in the third quarter. BNP Paribas Financial Markets now owns 4,864 shares of the financial services provider’s stock valued at $85,000 after buying an additional 4,507 shares in the last quarter.

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.