American Realty Investors (NYSE:ARL) Now Covered by Analysts at StockNews.com

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

American Realty Investors Stock Up 8.9 %

Shares of ARL stock opened at $14.20 on Friday. The company’s fifty day simple moving average is $13.68 and its two-hundred day simple moving average is $17.31. The company has a quick ratio of 33.02, a current ratio of 33.02 and a debt-to-equity ratio of 0.22. The stock has a market cap of $229.33 million, a P/E ratio of 83.53 and a beta of 0.69. American Realty Investors has a 52 week low of $11.69 and a 52 week high of $25.96.

American Realty Investors (NYSE:ARL) last issued its earnings results on Thursday, May 9th. The financial services provider reported $0.11 EPS for the quarter. American Realty Investors had a net margin of 5.41% and a return on equity of 0.34%. The business had revenue of $11.90 million for the quarter.

Hedge Funds Weigh In On American Realty Investors

An institutional investor recently raised its position in American Realty Investors stock. Russell Investments Group Ltd. grew its stake in American Realty Investors, Inc. (NYSE:ARL) by 210.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,115 shares of the financial services provider’s stock after buying an additional 38,716 shares during the period. Russell Investments Group Ltd. owned 0.35% of American Realty Investors worth $1,024,000 at the end of the most recent reporting 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.