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

StockNews.com began coverage on shares of American Realty Investors (NYSE:ARL) in a research note issued to investors on Friday. The firm issued a hold rating on the financial services provider’s stock.

American Realty Investors Price Performance

ARL opened at $14.52 on Friday. The company has a current ratio of 8.52, a quick ratio of 8.52 and a debt-to-equity ratio of 0.23. The company has a market cap of $234.50 million, a price-to-earnings ratio of -14.10 and a beta of 0.65. The stock has a fifty day simple moving average of $15.53 and a two-hundred day simple moving average of $16.10. American Realty Investors has a 12-month low of $12.51 and a 12-month high of $23.44.

American Realty Investors (NYSE:ARL) last released its earnings results on Thursday, November 7th. The financial services provider reported ($1.08) earnings per share 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 $11.61 million during the quarter.

Hedge Funds Weigh In On American Realty Investors

Several large investors have recently made changes to their positions in ARL. PFG Investments LLC bought a new position in American Realty Investors during the 4th quarter valued at approximately $396,000. BNP Paribas Financial Markets boosted its holdings in 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 acquiring an additional 4,507 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of American Realty Investors by 112.0% in the third 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 last quarter. Finally, Barclays PLC increased its holdings in shares of American Realty Investors by 257.0% during the third quarter. Barclays PLC now owns 1,967 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,416 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.