StockNews.com started coverage on shares of American Realty Investors (NYSE:ARL - Get Free Report) in a note issued to investors on Wednesday. The brokerage set a "hold" rating on the financial services provider's stock.
American Realty Investors Stock Down 1.5 %
Shares of NYSE ARL traded down $0.22 during trading hours on Wednesday, hitting $14.00. 4,284 shares of the stock were exchanged, compared to its average volume of 4,943. American Realty Investors has a 12 month low of $12.51 and a 12 month high of $25.96. The firm has a fifty day moving average price of $15.37 and a 200-day moving average price of $16.09. The company has a quick ratio of 8.52, a current ratio of 8.52 and a debt-to-equity ratio of 0.23. The company has a market cap of $226.13 million, a PE ratio of -13.59 and a beta of 0.65.
American Realty Investors (NYSE:ARL - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The financial services provider reported ($1.08) earnings per share (EPS) for the quarter. The business 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 added to or reduced their stakes in the business. Barclays PLC raised its position in shares of 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. JPMorgan Chase & Co. increased its stake 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 valued at $49,000 after purchasing an additional 1,478 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of American Realty Investors by 1,262.5% in the third quarter. BNP Paribas Financial Markets now owns 4,864 shares of the financial services provider's stock worth $85,000 after buying an additional 4,507 shares during the last quarter.
American Realty Investors Company Profile
(
Get Free Report)
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.
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