American Realty Investors (NYSE:ARL) Shares Cross Below 200-Day Moving Average of $17.31

American Realty Investors, Inc. (NYSE:ARL) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.31 and traded as low as $12.60. American Realty Investors shares last traded at $13.04, with a volume of 1,054 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on American Realty Investors in a research report on Friday. They set a “hold” rating for the company.

American Realty Investors Stock Up 8.9 %

The stock has a market cap of $229.33 million, a price-to-earnings ratio of 83.53 and a beta of 0.69. The business has a fifty day moving average of $13.68 and a 200 day moving average of $17.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 33.02 and a quick ratio of 33.02.

American Realty Investors (NYSE:ARL) last posted its earnings results on Thursday, May 9th. The financial services provider reported $0.11 EPS for the quarter. The company had revenue of $11.90 million during the quarter. American Realty Investors had a net margin of 5.41% and a return on equity of 0.34%.

Institutional Trading of American Realty Investors

A hedge fund recently raised its stake in American Realty Investors stock. Russell Investments Group Ltd. grew its stake in American Realty Investors, Inc. (NYSE:ARL) by 210.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,115 shares of the financial services provider’s stock after purchasing an additional 38,716 shares during the period. Russell Investments Group Ltd. owned approximately 0.35% of American Realty Investors worth $1,024,000 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.