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

Posted by Scott Moore on Apr 29th, 2024

StockNews.com began coverage on shares of American Realty Investors (NYSE:ARL – Free Report) in a research report released on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.

American Realty Investors Price Performance

Shares of American Realty Investors stock opened at $14.32 on Thursday. The business’s fifty day moving average price is $17.74 and its 200 day moving average price is $17.45. The stock has a market capitalization of $231.27 million, a P/E ratio of 59.67 and a beta of 0.70. American Realty Investors has a twelve month low of $11.69 and a twelve month high of $25.96. The company has a current ratio of 28.29, a quick ratio of 28.29 and a debt-to-equity ratio of 0.22.

American Realty Investors (NYSE:ARL – Get Free Report) last announced its earnings results on Thursday, March 21st. The financial services provider reported ($0.13) earnings per share (EPS) for the quarter. The business had revenue of $14.05 million for the quarter. American Realty Investors had a return on equity of 0.49% and a net margin of 7.86%.

Institutional Investors Weigh In On American Realty Investors

A hedge fund recently raised its stake in American Realty Investors stock. Russell Investments Group Ltd. grew its stake in shares of American Realty Investors, Inc. (NYSE:ARL – Free Report) by 227.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,399 shares of the financial services provider’s stock after acquiring an additional 12,778 shares during the period. Russell Investments Group Ltd.’s holdings in American Realty Investors were worth $320,000 at the end of the most recent reporting period.

About American Realty Investors

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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.