American Realty Investors (NYSE:ARL) Issues Earnings Results

American Realty Investors (NYSE:ARL) announced its quarterly earnings results on Thursday. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $13.91 million for the quarter. American Realty Investors had a negative return on equity of 0.37% and a net margin of 16.36%.

American Realty Investors Stock Down 2.0%

Shares of NYSE ARL traded down $0.47 during trading hours on Friday, hitting $22.46. The stock had a trading volume of 2,171 shares, compared to its average volume of 6,764. The company has a market capitalization of $362.81 million, a P/E ratio of 43.20 and a beta of 0.79. The firm’s 50-day moving average price is $17.32 and its two-hundred day moving average price is $16.31. American Realty Investors has a 52 week low of $12.42 and a 52 week high of $24.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 6.98 and a current ratio of 6.98.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of American Realty Investors from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, American Realty Investors currently has an average rating of “Hold”.

Hedge Funds Weigh In On American Realty Investors

A hedge fund recently bought a new position in American Realty Investors stock. BlackRock Inc. bought a new stake in American Realty Investors, Inc. (NYSE:ARL) during the second quarter, according to its most recent filing with the SEC. The firm bought 177,786 shares of the financial services provider’s stock, valued at approximately $3,959,000. BlackRock Inc. owned about 1.10% of American Realty Investors at the end of the most recent quarter.

About American Realty Investors

American Realty Investors, Inc. is a real estate investment and operating company focused on acquiring, owning, developing and managing property. Its portfolio has included apartment communities, office buildings, hotels and undeveloped land. The company’s activities are centered primarily on properties in the United States, with a significant presence in Texas. Through its real estate holdings and related operations, American Realty Investors participates in both residential and commercial property markets.