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

Equities researchers at StockNews.com assumed coverage on shares of American Realty Investors (NYSE:ARL) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the financial services provider’s stock.

American Realty Investors Stock Performance

Shares of ARL stock opened at $15.00 on Friday. The stock has a market cap of $242.28 million, a PE ratio of -14.56 and a beta of 0.66. American Realty Investors has a 52-week low of $12.51 and a 52-week high of $25.96. The business has a 50-day simple moving average of $15.30 and a 200-day simple moving average of $15.89. The company has a quick ratio of 8.52, a current ratio of 8.52 and a debt-to-equity ratio of 0.23.

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

Hedge Funds Weigh In On American Realty Investors

A hedge fund recently raised its stake in American Realty Investors stock. Barclays PLC boosted its stake in shares of American Realty Investors, Inc. (NYSE:ARL) by 257.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,967 shares of the financial services provider’s stock after acquiring an additional 1,416 shares during the period. Barclays PLC’s holdings in American Realty Investors were worth $34,000 at the end of the most recent quarter.

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.