American Realty Investors (NYSE:ARL) Coverage Initiated 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 Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

American Realty Investors Price Performance

NYSE:ARL opened at $15.27 on Wednesday. American Realty Investors has a 1-year low of $12.51 and a 1-year high of $25.96. The firm’s fifty day moving average price is $15.53 and its 200 day moving average price is $15.52. 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 (NYSE:ARL) last issued its earnings results 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 return on equity of 2.05% and a negative net margin of 33.78%.

Institutional Investors Weigh In On American Realty Investors

Several institutional investors have recently made changes to their positions in ARL. Barclays PLC boosted its position in shares of American Realty Investors by 257.0% during the 3rd quarter. Barclays PLC now owns 1,967 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,416 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of American Realty Investors by 425.6% during the 1st quarter. BNP Paribas Financial Markets now owns 3,448 shares of the financial services provider’s stock worth $62,000 after buying an additional 2,792 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of American Realty Investors by 210.4% during the 1st quarter. Russell Investments Group Ltd. now owns 57,115 shares of the financial services provider’s stock worth $1,024,000 after buying an additional 38,716 shares during 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.