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

Equities research analysts at StockNews.com assumed coverage on shares of American Realty Investors (NYSE:ARL) in a report issued on Saturday. The brokerage set a “hold” rating on the financial services provider’s stock.

American Realty Investors Stock Performance

NYSE:ARL opened at $14.46 on Friday. American Realty Investors has a fifty-two week low of $12.51 and a fifty-two week high of $23.44. The company has a 50 day moving average price of $15.35 and a 200 day moving average price of $16.01. The stock has a market capitalization of $233.56 million, a P/E ratio of -14.04 and a beta of 0.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 8.52 and a current ratio of 8.52.

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

Institutional Trading of American Realty Investors

A number of large investors have recently made changes to their positions in ARL. PFG Investments LLC purchased a new position in American Realty Investors in the fourth quarter valued at approximately $396,000. JPMorgan Chase & Co. lifted its position in American Realty Investors by 112.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,798 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 1,478 shares during the period. Barclays PLC grew its position in American Realty Investors by 257.0% in the 3rd quarter. Barclays PLC now owns 1,967 shares of the financial services provider’s stock valued at $34,000 after buying an additional 1,416 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of American Realty Investors by 1,262.5% during the third quarter. BNP Paribas Financial Markets now owns 4,864 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 4,507 shares during the period.

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.