American Realty Investors (NYSE:ARL) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

American Realty Investors, Inc. (NYSE:ARL) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.25 and traded as high as $17.64. American Realty Investors shares last traded at $17.13, with a volume of 1,984 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of American Realty Investors in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

American Realty Investors Price Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 6.55 and a quick ratio of 6.55. The firm has a market capitalization of $276.17 million, a PE ratio of 100.59 and a beta of 0.69. The company has a 50-day moving average price of $17.02 and a 200-day moving average price of $16.27.

Hedge Funds Weigh In On American Realty Investors

Institutional investors have recently modified their holdings of the company. Rhumbline Advisers boosted its position in American Realty Investors by 44.9% during the first quarter. Rhumbline Advisers now owns 2,825 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 876 shares during the last quarter. Invesco Ltd. purchased a new position in shares of American Realty Investors during the 1st quarter worth $111,000. Finally, Wealth Alliance Advisory Group LLC lifted its stake in shares of American Realty Investors by 4.2% during the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 173,770 shares of the financial services provider’s stock worth $2,907,000 after purchasing an additional 7,000 shares during the period.

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. It also offers tenant services, including parking and storage space rental; and sells land and properties.