American Realty Investors, Inc. (NYSE:ARL) Stock Position Cut by Geode Capital Management LLC

Geode Capital Management LLC lessened its stake in American Realty Investors, Inc. (NYSE:ARL) by 2.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,601 shares of the financial services provider’s stock after selling 753 shares during the period. Geode Capital Management LLC’s holdings in American Realty Investors were worth $572,000 at the end of the most recent quarter.

Separately, BNP Paribas Financial Markets lifted its holdings in 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.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of American Realty Investors in a report on Tuesday, January 7th. They issued a “hold” rating for the company.

American Realty Investors Price Performance

Shares of NYSE ARL opened at $14.18 on Friday. American Realty Investors, Inc. has a twelve month low of $12.51 and a twelve month high of $25.96. 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 company has a market capitalization of $229.04 million, a price-to-earnings ratio of -13.77 and a beta of 0.65. The firm has a 50-day moving average of $15.38 and a two-hundred day moving average of $16.06.

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 net margin of 33.78% and a negative return on equity of 2.05%. The business had revenue of $11.61 million during the 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.