American Realty Investors (NYSE:ARL) Issues Quarterly Earnings Results

American Realty Investors (NYSE:ARL) posted its quarterly earnings results on Thursday. The financial services provider reported $0.01 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $12.84 million during the quarter. American Realty Investors had a negative net margin of 24.74% and a negative return on equity of 1.86%.

American Realty Investors Stock Down 2.6%

American Realty Investors stock traded down $0.44 on Friday, hitting $16.15. 778 shares of the stock traded hands, compared to its average volume of 3,982. The company has a current ratio of 6.31, a quick ratio of 6.31 and a debt-to-equity ratio of 0.27. The business’s fifty day simple moving average is $16.05 and its 200 day simple moving average is $14.62. The firm has a market cap of $260.77 million, a P/E ratio of -22.12 and a beta of 0.80. American Realty Investors has a 1 year low of $9.43 and a 1 year high of $18.00.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of American Realty Investors in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in American Realty Investors stock. Rhumbline Advisers increased its position in American Realty Investors, Inc. (NYSE:ARL) by 44.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,825 shares of the financial services provider’s stock after purchasing an additional 876 shares during the period. Rhumbline Advisers’ holdings in American Realty Investors were worth $31,000 at the end of the most recent reporting period.

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.