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

Stock analysts at StockNews.com initiated coverage on shares of American Realty Investors (NYSE:ARL) in a research note issued on Sunday. The firm set a “hold” rating on the financial services provider’s stock.

American Realty Investors Stock Performance

American Realty Investors stock opened at $13.34 on Friday. The business has a 50 day moving average of $14.91 and a 200-day moving average of $15.74. American Realty Investors has a 1 year low of $12.51 and a 1 year high of $22.77. The company has a debt-to-equity ratio of 0.23, a current ratio of 8.52 and a quick ratio of 8.52. The company has a market capitalization of $215.36 million, a P/E ratio of -12.95 and a beta of 0.63.

Hedge Funds Weigh In On American Realty Investors

A number of large investors have recently modified their holdings of the company. Northern Trust Corp lifted its holdings in shares of American Realty Investors by 20.4% in the 4th quarter. Northern Trust Corp now owns 24,632 shares of the financial services provider’s stock worth $362,000 after purchasing an additional 4,180 shares in the last quarter. Geode Capital Management LLC lifted its stake in American Realty Investors by 6.2% during the 4th quarter. Geode Capital Management LLC now owns 34,629 shares of the financial services provider’s stock valued at $508,000 after acquiring an additional 2,028 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in American Realty Investors by 100.3% during the 4th quarter. JPMorgan Chase & Co. now owns 5,603 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 2,805 shares in the last quarter. PFG Investments LLC bought a new position in American Realty Investors during the 4th quarter valued at $396,000. Finally, Barclays PLC lifted its stake in American Realty Investors by 257.0% during the 3rd 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.