American Realty Investors (NYSE:ARL) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

American Realty Investors, Inc. (NYSE:ARL)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.32 and traded as high as $17.05. American Realty Investors shares last traded at $15.29, with a volume of 2,601 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of American Realty Investors in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, American Realty Investors has a consensus rating of “Hold”.

American Realty Investors Stock Performance

The stock has a market cap of $245.56 million, a P/E ratio of 15.68 and a beta of 0.69. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.28. The stock has a 50 day simple moving average of $17.04 and a 200 day simple moving average of $16.32.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers grew its stake in American Realty Investors by 44.9% during the first quarter. Rhumbline Advisers now owns 2,825 shares of the financial services provider’s stock worth $31,000 after buying an additional 876 shares in the last quarter. Invesco Ltd. acquired a new position in shares of American Realty Investors in the 1st quarter valued at approximately $111,000. Finally, Wealth Alliance Advisory Group LLC raised its position in shares of American Realty Investors by 4.2% in the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 173,770 shares of the financial services provider’s stock valued at $2,907,000 after buying an additional 7,000 shares in the last quarter.

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.