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

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

American Realty Investors Stock Up 0.8 %

Shares of American Realty Investors stock traded up $0.14 during trading hours on Wednesday, reaching $16.63. 11,541 shares of the company were exchanged, compared to its average volume of 6,460. The firm has a market cap of $268.57 million, a PE ratio of 97.82 and a beta of 0.64. The stock’s fifty day moving average is $15.31 and its 200 day moving average is $16.79. American Realty Investors has a 1 year low of $11.69 and a 1 year high of $25.96. The company has a debt-to-equity ratio of 0.22, a quick ratio of 33.02 and a current ratio of 33.02.

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

Institutional Investors Weigh In On American Realty Investors

An institutional investor recently raised its position in American Realty Investors stock. Russell Investments Group Ltd. lifted its holdings in shares of American Realty Investors, Inc. (NYSE:ARL) by 210.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,115 shares of the financial services provider’s stock after acquiring 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.

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.