American Realty Investors (NYSE:ARL) Announces Earnings Results

American Realty Investors (NYSE:ARL) announced its earnings results on Thursday. The financial services provider reported ($0.03) earnings per share (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 company had revenue of $12.34 million during the quarter.

American Realty Investors Price Performance

Shares of NYSE:ARL traded up $0.57 during trading hours on Friday, hitting $14.08. 852 shares of the company’s stock traded hands, compared to its average volume of 2,705. American Realty Investors has a 52 week low of $12.52 and a 52 week high of $20.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 6.56 and a current ratio of 6.56. The company’s fifty day simple moving average is $15.30 and its two-hundred day simple moving average is $15.98. The company has a market cap of $227.46 million, a price-to-earnings ratio of 18.53 and a beta of 0.68.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of American Realty Investors from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Hedge Funds Weigh In On American Realty Investors

An institutional investor recently raised its position in American Realty Investors stock. Rhumbline Advisers grew its holdings in shares of American Realty Investors, Inc. (NYSE:ARL) by 44.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,825 shares of the financial services provider’s stock after purchasing an additional 876 shares during the period. Rhumbline Advisers’ holdings in American Realty Investors were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

American Realty Investors Company Profile

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.