StockNews.com began coverage on shares of American Realty Investors (NYSE:ARL - Free Report) in a report released on Monday morning. The firm issued a hold rating on the financial services provider's stock.
American Realty Investors Stock Up 4.2 %
Shares of NYSE ARL traded up $0.59 on Monday, reaching $14.69. 2,495 shares of the company's stock traded hands, compared to its average volume of 4,431. The company has a market cap of $237.27 million, a price-to-earnings ratio of -14.26 and a beta of 0.63. The company has a quick ratio of 8.52, a current ratio of 8.52 and a debt-to-equity ratio of 0.23. American Realty Investors has a 12 month low of $12.51 and a 12 month high of $22.77. The business's 50 day simple moving average is $14.58 and its two-hundred day simple moving average is $15.63.
Hedge Funds Weigh In On American Realty Investors
A number of large investors have recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of American Realty Investors by 257.0% in the third 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 shares of 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 purchasing an additional 1,478 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of American Realty Investors by 1,262.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,864 shares of the financial services provider's stock worth $85,000 after purchasing an additional 4,507 shares during the period. Northern Trust Corp increased its position in American Realty Investors by 20.4% during the 4th quarter. Northern Trust Corp now owns 24,632 shares of the financial services provider's stock worth $362,000 after purchasing an additional 4,180 shares in the last quarter. Finally, PFG Investments LLC bought a new stake in shares of American Realty Investors in the 4th quarter worth about $396,000.
About American Realty Investors
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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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