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

Jun 13, 2024
american-realty-investors-(nyse:arl)-research-coverage-started-at-stocknews.com

Posted by on Jun 12th, 2024

American Realty Investors logoEquities researchers at StockNews.com assumed coverage on shares of American Realty Investors (NYSE:ARLGet Free Report) in a research note issued on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

American Realty Investors Stock Down 3.1 %

American Realty Investors stock opened at $13.32 on Wednesday. The stock’s 50 day moving average is $14.42 and its 200 day moving average is $17.53. The company has a quick ratio of 33.02, a current ratio of 33.02 and a debt-to-equity ratio of 0.22. American Realty Investors has a one year low of $11.69 and a one year high of $25.96.

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

Institutional Investors Weigh In On American Realty Investors

An institutional investor recently raised its position in American Realty Investors stock. Russell Investments Group Ltd. grew its position in shares of American Realty Investors, Inc. (NYSE:ARLFree Report) by 210.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,115 shares of the financial services provider’s stock after acquiring an additional 38,716 shares during the quarter. Russell Investments Group Ltd. owned about 0.35% of American Realty Investors worth $1,024,000 as of its most recent filing with the Securities & Exchange Commission.

American Realty Investors Company Profile

(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.

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