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

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

American Realty Investors Stock Up 2.3 %

American Realty Investors stock opened at $15.86 on Tuesday. The firm has a market capitalization of $256.17 million, a P/E ratio of -15.40 and a beta of 0.65. The company has a current ratio of 8.52, a quick ratio of 8.52 and a debt-to-equity ratio of 0.23. American Realty Investors has a twelve month low of $12.51 and a twelve month high of $25.96. The stock’s fifty day simple moving average is $15.36 and its 200-day simple moving average is $16.05.

American Realty Investors (NYSE:ARL) last issued its quarterly earnings results on Thursday, November 7th. The financial services provider reported ($1.08) 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 company had revenue of $11.61 million for the quarter.

Institutional Trading of American Realty Investors

A number of hedge funds and other institutional investors have recently bought and sold shares of ARL. BNP Paribas Financial Markets increased its holdings in shares of American Realty Investors by 1,262.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,864 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 4,507 shares during the last quarter. Barclays PLC increased its stake in American Realty Investors by 257.0% in the third quarter. Barclays PLC now owns 1,967 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 1,416 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in American Realty Investors by 112.0% during the third quarter. JPMorgan Chase & Co. now owns 2,798 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 1,478 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.