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

Equities researchers at StockNews.com started coverage on shares of American Realty Investors (NYSE:ARL) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

American Realty Investors Trading Up 6.9 %

NYSE ARL opened at $14.43 on Wednesday. The company has a market cap of $233.07 million, a P/E ratio of -14.01 and a beta of 0.65. American Realty Investors has a 12 month low of $12.51 and a 12 month high of $25.96. The company has a debt-to-equity ratio of 0.23, a current ratio of 8.52 and a quick ratio of 8.52. The company has a 50-day moving average of $15.37 and a 200-day moving average of $16.09.

American Realty Investors (NYSE:ARL) last issued its quarterly 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 hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its position in shares of 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 purchasing an additional 4,507 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of American Realty Investors by 112.0% in 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. Finally, Barclays PLC lifted 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 purchasing an additional 1,416 shares during the last quarter.

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.