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

American Realty Investors (NYSE:ARL) posted 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 return on equity of 0.10% and a net margin of 24.21%.The firm had revenue of $12.34 million during the quarter.

American Realty Investors Stock Performance

American Realty Investors stock traded up $0.57 during mid-day trading on Friday, reaching $14.08. 852 shares of the company’s stock were exchanged, compared to its average volume of 2,705. The business’s fifty day simple moving average is $15.30 and its 200 day simple moving average is $15.98. The company has a quick ratio of 6.56, a current ratio of 6.56 and a debt-to-equity ratio of 0.26. American Realty Investors has a one year low of $12.52 and a one year high of $20.00. The firm has a market capitalization of $227.46 million, a PE ratio of 18.53 and a beta of 0.68.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On American Realty Investors

A hedge fund recently raised its stake in American Realty Investors stock. Rhumbline Advisers boosted its position in American Realty Investors, Inc. (NYSE:ARL) by 44.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 SEC filing.

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.