American Realty Investors, Inc. (ARL) Downgraded to “Hold” at ValuEngine
American Realty Investors, Inc. (NYSE:ARL) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
Shares of American Realty Investors (NYSE ARL) traded down 0.80% on Thursday, reaching $8.65. The company had a trading volume of 304 shares. The company’s 50-day moving average price is $8.51 and its 200-day moving average price is $7.44. The firm’s market capitalization is $132.99 million. American Realty Investors has a 52-week low of $4.92 and a 52-week high of $9.99.
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In other American Realty Investors news, major shareholder Realty Advisors, Llc bought 5,743 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The shares were acquired at an average cost of $6.65 per share, with a total value of $38,190.95. Following the acquisition, the insider now owns 7,921,508 shares of the company’s stock, valued at $52,678,028.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 87.43% of the stock is currently owned by insiders.
About American Realty Investors
American Realty Investors, Inc is an externally advised and managed real estate investment company that owns a diverse portfolio of income-producing properties and land held for development. The Company’s segments are commercial properties, apartments, land and other. The Company’s business is the acquisition, development and ownership of income-producing residential and commercial real estate properties.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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