American Realty Investors, Inc. (NYSE:ARL – Get Free Report) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 76,317 shares, a growth of 221.6% from the June 15th total of 23,733 shares. Currently, 5.1% of the company’s shares are sold short. Based on an average trading volume of 28,788 shares, the short-interest ratio is currently 2.7 days.
American Realty Investors Stock Down 5.8%
NYSE ARL traded down $1.14 during trading on Tuesday, hitting $18.32. The stock had a trading volume of 18,453 shares, compared to its average volume of 6,984. The company’s 50-day moving average price is $16.23 and its two-hundred day moving average price is $16.17. The company has a debt-to-equity ratio of 0.26, a quick ratio of 7.10 and a current ratio of 7.10. The company has a market capitalization of $295.79 million, a PE ratio of 24.10 and a beta of 0.63. American Realty Investors has a 12 month low of $12.42 and a 12 month high of $24.44.
American Realty Investors (NYSE:ARL – Get Free Report) last released its earnings results on Thursday, May 7th. The financial services provider reported ($0.03) earnings per share for the quarter. The business had revenue of $12.34 million during the quarter. American Realty Investors had a net margin of 24.21% and a return on equity of 0.10%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on American Realty Investors
Hedge Funds Weigh In On American Realty Investors
A hedge fund recently raised its position in American Realty Investors stock. Rhumbline Advisers lifted its holdings in shares of American Realty Investors, Inc. (NYSE:ARL – Free Report) by 44.9% in the 1st quarter, according to its most recent filing with the Securities and 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 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.
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