StockNews.com Initiates Coverage on American Realty Investors (NYSE:ARL)

StockNews.com assumed coverage on shares of American Realty Investors (NYSE:ARL) in a research note released on Wednesday. The firm issued a hold rating on the financial services provider’s stock.

American Realty Investors Stock Up 1.3 %

NYSE ARL opened at $13.90 on Wednesday. American Realty Investors has a 52 week low of $11.69 and a 52 week high of $25.96. The firm has a market capitalization of $224.49 million, a price-to-earnings ratio of 81.76 and a beta of 0.69. The company has a quick ratio of 33.02, a current ratio of 33.02 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average of $14.16 and a two-hundred day moving average of $17.48.

American Realty Investors (NYSE:ARL) last issued its quarterly earnings results on Thursday, May 9th. The financial services provider reported $0.11 EPS for the quarter. American Realty Investors had a net margin of 5.41% and a return on equity of 0.34%. The company had revenue of $11.90 million for the quarter.

Institutional Trading of American Realty Investors

A hedge fund recently raised its stake in American Realty Investors stock. BNP Paribas Financial Markets lifted its stake in shares of American Realty Investors, Inc. (NYSE:ARL) by 425.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,448 shares of the financial services provider’s stock after acquiring an additional 2,792 shares during the quarter. BNP Paribas Financial Markets’ holdings in American Realty Investors were worth $62,000 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.