StockNews.com Initiates Coverage on American Realty Investors (NYSE:ARL)

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

American Realty Investors Trading Up 8.6 %

ARL opened at $11.25 on Friday. The firm has a 50 day simple moving average of $14.10 and a 200 day simple moving average of $15.07. American Realty Investors has a fifty-two week low of $10.25 and a fifty-two week high of $22.77. The company has a market cap of $181.63 million, a price-to-earnings ratio of -10.92 and a beta of 0.56. 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 released its earnings results on Thursday, March 20th. The financial services provider reported ($0.01) EPS for the quarter. The business had revenue of $12.04 million for the quarter. American Realty Investors had a negative return on equity of 2.05% and a negative net margin of 33.78%.

Hedge Funds Weigh In On American Realty Investors

Institutional investors have recently modified their holdings of the stock. Northern Trust Corp raised its holdings in American Realty Investors by 20.4% in the fourth quarter. Northern Trust Corp now owns 24,632 shares of the financial services provider’s stock worth $362,000 after purchasing an additional 4,180 shares during the period. Geode Capital Management LLC lifted its holdings in American Realty Investors by 6.2% during the fourth quarter. Geode Capital Management LLC now owns 34,629 shares of the financial services provider’s stock worth $508,000 after acquiring an additional 2,028 shares in the last quarter. JPMorgan Chase & Co. grew its stake in American Realty Investors by 100.3% in the fourth quarter. JPMorgan Chase & Co. now owns 5,603 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 2,805 shares during the period. PFG Investments LLC bought a new stake in shares of American Realty Investors in the fourth quarter worth about $396,000. Finally, Barclays PLC increased its holdings in shares of American Realty Investors by 257.0% in 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 in the last 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.