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

American Realty Investors (NYSE:ARL) released its earnings results on Thursday. The financial services provider reported ($0.06) earnings per share 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 $12.87 million during the quarter.

American Realty Investors Trading Up 1.5%

Shares of ARL stock traded up $0.23 during trading hours on Thursday, reaching $15.21. The company’s stock had a trading volume of 16,569 shares, compared to its average volume of 19,789. American Realty Investors has a one year low of $12.42 and a one year high of $24.44. The stock has a market capitalization of $245.72 million, a P/E ratio of 20.02 and a beta of 0.62. The firm’s fifty day simple moving average is $16.81 and its 200 day simple moving average is $16.12. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.26.

Institutional Investors Weigh In On American Realty Investors

A hedge fund recently raised its position in American Realty Investors stock. Rhumbline Advisers lifted its stake in American Realty Investors, Inc. (NYSE:ARL) by 44.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,825 shares of the financial services provider’s stock after acquiring an additional 876 shares during the quarter. Rhumbline Advisers’ holdings in American Realty Investors were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

Wall Street Analysts Forecast Growth

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

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.