American Realty Investors (NYSE:ARL) Shares Cross Above 200 Day Moving Average – Here’s What Happened

American Realty Investors, Inc. (NYSE:ARL) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.54 and traded as high as $18.55. American Realty Investors shares last traded at $17.7110, with a volume of 4,716 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of American Realty Investors in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, American Realty Investors has an average rating of “Hold”.

American Realty Investors Price Performance

The company has a market cap of $286.03 million, a price-to-earnings ratio of 49.20 and a beta of 0.74. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $16.14 and a 200 day moving average price of $15.56.

American Realty Investors (NYSE:ARL) last announced its earnings results on Thursday, November 6th. The financial services provider reported $0.01 earnings per share (EPS) for the quarter. American Realty Investors had a return on equity of 0.33% and a net margin of 11.74%.The company had revenue of $12.84 million for the quarter.

Hedge Funds Weigh In On American Realty Investors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers grew its holdings in shares of American Realty Investors by 44.9% during the first quarter. Rhumbline Advisers now owns 2,825 shares of the financial services provider’s stock valued at $31,000 after buying an additional 876 shares in the last quarter. Invesco Ltd. acquired a new position in shares of American Realty Investors during the 1st quarter worth $111,000. Finally, Wealth Alliance Advisory Group LLC increased its position in American Realty Investors by 4.2% during the third quarter. Wealth Alliance Advisory Group LLC now owns 173,770 shares of the financial services provider’s stock worth $2,907,000 after buying an additional 7,000 shares during the last quarter.

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.