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

American Realty Investors (NYSE:ARL) posted its quarterly earnings data on Thursday. The financial services provider reported ($1.08) earnings per share for the quarter, reports. American Realty Investors had a net margin of 7.53% and a return on equity of 0.46%. The business had revenue of $11.61 million for the quarter.

American Realty Investors Trading Down 1.2 %

NYSE:ARL traded down $0.18 on Friday, hitting $14.74. 13,535 shares of the stock were exchanged, compared to its average volume of 6,960. The stock has a market capitalization of $238.05 million, a price-to-earnings ratio of -14.43 and a beta of 0.60. American Realty Investors has a 52 week low of $12.50 and a 52 week high of $25.96. The company has a debt-to-equity ratio of 0.22, a quick ratio of 25.18 and a current ratio of 25.18. The company’s 50-day moving average price is $16.04 and its 200 day moving average price is $15.49.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of American Realty Investors in a research report on Thursday, August 15th. They set a “hold” rating on the stock.

Hedge Funds Weigh In On American Realty Investors

A hedge fund recently raised its stake in American Realty Investors stock. BNP Paribas Financial Markets boosted its holdings in American Realty Investors, Inc. (NYSE:ARL) by 425.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,448 shares of the financial services provider’s stock after acquiring an additional 2,792 shares during the period. BNP Paribas Financial Markets’ holdings in American Realty Investors were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.

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.