American Realty Investors (NYSE:ARL) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of American Realty Investors (NYSE:ARL – Get Rating) in a research note published on Tuesday morning. The firm issued a sell rating on the financial services provider’s stock.

American Realty Investors Price Performance

Shares of ARL opened at $21.81 on Tuesday. American Realty Investors has a fifty-two week low of $11.20 and a fifty-two week high of $23.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.78 and a current ratio of 4.78. The company has a market capitalization of $352.28 million, a P/E ratio of 1.09 and a beta of 0.58. The business’s 50-day moving average is $17.97 and its two-hundred day moving average is $16.66.

Institutional Trading of American Realty Investors

Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC grew its stake in shares of American Realty Investors by 17.1% during the second quarter. Renaissance Technologies LLC now owns 25,399 shares of the financial services provider’s stock worth $360,000 after purchasing an additional 3,700 shares in the last quarter. State Street Corp acquired a new position in American Realty Investors during the second quarter worth about $245,000. Finally, Northern Trust Corp acquired a new position in American Realty Investors during the second quarter worth about $216,000. Hedge funds and other institutional investors own 1.10% of the company’s stock.

About American Realty Investors

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American Realty Investors, Inc, together with its subsidiaries, acquires, develops, and owns multifamily apartment communities and commercial real estate properties in the southwestern, southeastern, and mid-western United States. The company leases apartment units to residents; and leases office, industrial, and retail space to various for-profit businesses, as well as local, state, and federal agencies; and sells land and properties.