American Realty Investors (NYSE:ARL) Issues Earnings Results

American Realty Investors (NYSE:ARL) announced its quarterly earnings data on Thursday. The financial services provider reported ($0.04) earnings per share for the quarter, FiscalAI reports. The company had revenue of $13.91 million during the quarter. American Realty Investors had a net margin of 16.36% and a negative return on equity of 0.37%.

American Realty Investors Stock Performance

Shares of ARL traded up $0.45 during mid-day trading on Thursday, reaching $23.43. The company’s stock had a trading volume of 845 shares, compared to its average volume of 6,751. The company has a current ratio of 6.98, a quick ratio of 6.98 and a debt-to-equity ratio of 0.27. American Realty Investors has a 1-year low of $12.42 and a 1-year high of $24.44. The business has a 50-day simple moving average of $17.18 and a two-hundred day simple moving average of $16.28. The stock has a market cap of $378.31 million, a P/E ratio of 45.05 and a beta of 0.79.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of American Realty Investors from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, American Realty Investors has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in American Realty Investors stock. BlackRock Inc. purchased a new stake in American Realty Investors, Inc. (NYSE:ARL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 177,786 shares of the financial services provider’s stock, valued at approximately $3,959,000. BlackRock Inc. owned 1.10% of American Realty Investors at the end of the most recent quarter.

American Realty Investors Company Profile

American Realty Investors, Inc. is a real estate investment and operating company focused on acquiring, owning, developing and managing property. Its portfolio has included apartment communities, office buildings, hotels and undeveloped land. The company’s activities are centered primarily on properties in the United States, with a significant presence in Texas. Through its real estate holdings and related operations, American Realty Investors participates in both residential and commercial property markets.