American Realty Investors (NYSE:ARL) Releases Earnings Results

American Realty Investors (NYSE:ARL) issued its quarterly earnings data on Thursday. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $13.01 million during the quarter. American Realty Investors had a return on equity of 0.33% and a net margin of 11.74%.

American Realty Investors Stock Performance

Shares of NYSE:ARL traded up $0.10 during trading on Thursday, hitting $16.33. 632 shares of the stock traded hands, compared to its average volume of 2,540. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.28. The company has a fifty day moving average price of $17.07 and a two-hundred day moving average price of $16.32. The company has a market cap of $263.75 million, a price-to-earnings ratio of 45.36 and a beta of 0.69. American Realty Investors has a 52-week low of $9.43 and a 52-week high of $20.00.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of American Realty Investors in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On American Realty Investors

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

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.