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

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

American Realty Investors Stock Up 0.7 %

ARL stock opened at $14.80 on Wednesday. American Realty Investors has a 12 month low of $11.69 and a 12 month high of $25.96. The firm has a market cap of $239.02 million, a PE ratio of 61.67 and a beta of 0.70. The firm has a 50 day simple moving average of $18.49 and a 200 day simple moving average of $17.46. The company has a debt-to-equity ratio of 0.22, a current ratio of 28.29 and a quick ratio of 28.29.

American Realty Investors (NYSE:ARL) last issued its quarterly earnings results on Thursday, March 21st. The financial services provider reported ($0.13) EPS for the quarter. The firm had revenue of $14.05 million during the quarter. American Realty Investors had a net margin of 7.86% and a return on equity of 0.49%.

Institutional Investors Weigh In On American Realty Investors

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of American Realty Investors by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 21,405 shares of the financial services provider’s stock valued at $373,000 after acquiring an additional 890 shares in the last quarter. Barclays PLC lifted its position in shares of American Realty Investors by 626.8% in the 4th quarter. Barclays PLC now owns 2,064 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 1,780 shares in the last quarter. Northern Trust Corp lifted its position in shares of American Realty Investors by 43.3% in the 4th quarter. Northern Trust Corp now owns 22,302 shares of the financial services provider’s stock valued at $388,000 after acquiring an additional 6,737 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of American Realty Investors by 227.3% in the 4th quarter. Russell Investments Group Ltd. now owns 18,399 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 12,778 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of American Realty Investors by 164.6% in the 3rd quarter. Deutsche Bank AG now owns 1,855 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 1,154 shares in the last quarter.

American Realty Investors Company Profile

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.