JPMorgan Chase & Co. Buys 1,478 Shares of American Realty Investors, Inc. (NYSE:ARL)

JPMorgan Chase & Co. lifted its stake in American Realty Investors, Inc. (NYSE:ARL) by 112.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,798 shares of the financial services provider’s stock after acquiring an additional 1,478 shares during the quarter. JPMorgan Chase & Co.’s holdings in American Realty Investors were worth $49,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Barclays PLC lifted its position in American Realty Investors by 257.0% during 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 in the last quarter.

American Realty Investors Stock Up 1.3 %

Shares of ARL opened at $14.59 on Wednesday. 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, Inc. has a 12-month low of $12.51 and a 12-month high of $23.44. The business’s 50 day moving average is $15.46 and its 200 day moving average is $16.07. The company has a market capitalization of $235.55 million, a PE ratio of -14.16 and a beta of 0.63.

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

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on American Realty Investors in a research note on Friday, January 31st. They set a “hold” rating for the company.

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.