American Realty Investors (NYSE:ARL) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

American Realty Investors, Inc. (NYSE:ARL)’s stock price passed 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of American Realty Investors in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

American Realty Investors Trading Down 0.8%

The business’s 50-day moving average price is $16.14 and its 200 day moving average price is $15.54. The company has a market cap of $286.03 million, a P/E ratio of 49.20 and a beta of 0.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 6.55 and a current ratio of 6.55.

American Realty Investors (NYSE:ARL) last released its quarterly earnings data 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 firm had revenue of $12.84 million for the quarter.

Hedge Funds Weigh In On American Realty Investors

Hedge funds have recently bought and sold shares of the business. Invesco Ltd. bought a new position in shares of American Realty Investors during the first quarter worth approximately $111,000. Wealth Alliance Advisory Group LLC boosted its position in American Realty Investors by 4.2% in the third quarter. Wealth Alliance Advisory Group LLC now owns 173,770 shares of the financial services provider’s stock valued at $2,907,000 after buying an additional 7,000 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in American Realty Investors by 44.9% in the 1st quarter. Rhumbline Advisers now owns 2,825 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 876 shares in 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.