American Realty Investors (NYSE:ARL) Coverage Initiated at StockNews.com

Posted by Donna Armstrong on May 23rd, 2024

StockNews.com initiated coverage on shares of American Realty Investors (NYSE:ARL – Free Report) in a research report sent to investors on Sunday. The firm issued a hold rating on the financial services provider’s stock.

American Realty Investors Trading Up 0.7 %

Shares of American Realty Investors stock opened at $13.75 on Friday. The company’s fifty day simple moving average is $15.52 and its 200-day simple moving average is $17.50. The stock has a market capitalization of $222.06 million, a PE ratio of 80.88 and a beta of 0.76. 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 current ratio of 33.02 and a quick ratio of 33.02.

American Realty Investors (NYSE:ARL – Get Free Report) last posted its quarterly earnings results on Thursday, March 21st. The financial services provider reported ($0.13) 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 $14.05 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in American Realty Investors stock. BNP Paribas Financial Markets lifted its stake in shares of American Realty Investors, Inc. (NYSE:ARL – Free Report) by 425.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,448 shares of the financial services provider’s stock after acquiring an additional 2,792 shares during the period. BNP Paribas Financial Markets’ holdings in American Realty Investors were worth $62,000 as of its most recent SEC filing.

About American Realty Investors

(Get Free Report)

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.