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

American Realty Investors (NYSE:ARL) announced its quarterly earnings results on Thursday. The financial services provider reported ($0.06) EPS for the quarter, FiscalAI reports. American Realty Investors had a net margin of 24.21% and a return on equity of 0.10%. The business had revenue of $12.87 million for the quarter.

American Realty Investors Stock Performance

Shares of American Realty Investors stock traded up $0.41 during trading hours on Friday, hitting $15.40. 170 shares of the company’s stock traded hands, compared to its average volume of 7,938. The stock has a market capitalization of $248.74 million, a price-to-earnings ratio of 20.26 and a beta of 0.62. American Realty Investors has a 12-month low of $12.42 and a 12-month high of $24.44. The company has a debt-to-equity ratio of 0.26, a current ratio of 7.10 and a quick ratio of 7.10. The company has a fifty day simple moving average of $16.81 and a 200-day simple moving average of $16.12.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of American Realty Investors from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, American Realty Investors presently has an average rating of “Sell”.

Institutional Trading of American Realty Investors

A hedge fund recently bought a new position in American Realty Investors stock. Invesco Ltd. bought a new stake in American Realty Investors, Inc. (NYSE:ARL) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,100 shares of the financial services provider’s stock, valued at approximately $111,000. Invesco Ltd. owned 0.06% of American Realty Investors at the end of the most recent reporting period.

About American Realty Investors

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. It also offers tenant services, including parking and storage space rental; and sells land and properties.