American Realty Investors (NYSE:ARL) Share Price Crosses Above 200 Day Moving Average of $15.96

Shares of American Realty Investors, Inc. (NYSE:ARL) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.96 and traded as high as $18.28. American Realty Investors shares last traded at $17.61, with a volume of 2,284 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on American Realty Investors in a report on Thursday, August 15th. They issued a “hold” rating on the stock.

American Realty Investors Stock Performance

The business has a fifty day simple moving average of $17.29 and a two-hundred day simple moving average of $15.96. The company has a quick ratio of 25.18, a current ratio of 25.18 and a debt-to-equity ratio of 0.22. The company has a market cap of $284.40 million, a P/E ratio of 103.59 and a beta of 0.59.

American Realty Investors (NYSE:ARL) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.07 EPS for the quarter. American Realty Investors had a return on equity of 0.46% and a net margin of 7.53%. The firm had revenue of $11.77 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in American Realty Investors stock. BNP Paribas Financial Markets lifted its stake in American Realty Investors, Inc. (NYSE:ARL) by 425.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,448 shares of the financial services provider’s stock after buying an additional 2,792 shares during the quarter. BNP Paribas Financial Markets’ holdings in American Realty Investors were worth $62,000 as of its most recent filing with the Securities & Exchange Commission.

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.