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

Investment analysts at StockNews.com assumed coverage on shares of American Realty Investors (NYSE:ARL) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

American Realty Investors Trading Up 4.8 %

NYSE ARL opened at $15.27 on Wednesday. The firm has a 50 day simple moving average of $15.53 and a 200-day simple moving average of $15.52. American Realty Investors has a one year low of $12.51 and a one year high of $25.96. The company has a debt-to-equity ratio of 0.23, a current ratio of 8.52 and a quick ratio of 8.52.

American Realty Investors (NYSE:ARL) last issued its earnings results on Thursday, November 7th. The financial services provider reported ($1.08) earnings per share for the quarter. The firm had revenue of $11.61 million during the quarter. American Realty Investors had a negative net margin of 33.78% and a negative return on equity of 2.05%.

Institutional Trading of American Realty Investors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARL. Russell Investments Group Ltd. raised its holdings in American Realty Investors by 210.4% during the first quarter. Russell Investments Group Ltd. now owns 57,115 shares of the financial services provider’s stock worth $1,024,000 after purchasing an additional 38,716 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of 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 worth $85,000 after acquiring an additional 4,507 shares during the last quarter. Finally, Barclays PLC grew its position in shares of American Realty Investors by 257.0% during the third quarter. Barclays PLC now owns 1,967 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 1,416 shares during 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.