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

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

American Realty Investors Trading Down 0.5 %

Shares of ARL stock opened at $11.85 on Tuesday. 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 has a 1 year low of $9.43 and a 1 year high of $22.77. The stock has a fifty day moving average of $12.60 and a two-hundred day moving average of $14.15. The firm has a market capitalization of $191.40 million, a PE ratio of -11.50 and a beta of 0.48.

American Realty Investors (NYSE:ARL) last announced its quarterly earnings results on Thursday, March 20th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter. American Realty Investors had a negative return on equity of 2.05% and a negative net margin of 33.78%. The business had revenue of $12.04 million for the quarter.

Institutional Trading of American Realty Investors

A number of hedge funds and other institutional investors have recently modified their holdings of ARL. PFG Investments LLC bought a new stake in shares of American Realty Investors in the 4th quarter worth $396,000. Wealth Alliance Advisory Group LLC raised its stake in shares of American Realty Investors by 10.0% in the 1st quarter. Wealth Alliance Advisory Group LLC now owns 165,000 shares of the financial services provider’s stock worth $1,807,000 after buying an additional 15,000 shares in the last quarter. Northern Trust Corp raised its stake in shares of American Realty Investors by 20.4% in the 4th quarter. Northern Trust Corp now owns 24,632 shares of the financial services provider’s stock worth $362,000 after buying an additional 4,180 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of American Realty Investors by 100.3% in the 4th quarter. JPMorgan Chase & Co. now owns 5,603 shares of the financial services provider’s stock worth $82,000 after buying an additional 2,805 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of American Realty Investors by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 34,629 shares of the financial services provider’s stock worth $508,000 after buying an additional 2,028 shares in 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.