American Realty Investors (NYSE:ARL) Shares Pass Above Two Hundred Day Moving Average of $17.50

American Realty Investors, Inc. (NYSE:ARLGet Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.50 and traded as high as $19.89. American Realty Investors shares last traded at $18.00, with a volume of 11,984 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of American Realty Investors in a report on Saturday. They issued a “hold” rating for the company.

Check Out Our Latest Research Report on American Realty Investors

American Realty Investors Price Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 9.23 and a current ratio of 9.23. The company has a market cap of $290.70 million, a PE ratio of 5.88 and a beta of 0.71. The company’s 50-day simple moving average is $21.17 and its 200 day simple moving average is $17.48.

Institutional Investors Weigh In On American Realty Investors

Several institutional investors have recently modified their holdings of the company. Northern Trust Corp purchased a new stake in American Realty Investors in the second quarter valued at $216,000. Renaissance Technologies LLC lifted its position in American Realty Investors by 17.1% in the second quarter. Renaissance Technologies LLC now owns 25,399 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 3,700 shares during the last quarter. State Street Corp purchased a new stake in American Realty Investors in the second quarter valued at $245,000. Bank of America Corp DE lifted its position in American Realty Investors by 80.0% in the fourth quarter. Bank of America Corp DE now owns 3,233 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 1,437 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC lifted its position in American Realty Investors by 460.9% in the first quarter. BNP Paribas Arbitrage SNC now owns 3,999 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 3,286 shares during the last quarter.

American Realty Investors Company Profile

(Get Free Report)

American Realty Investors, Inc, together with its subsidiaries, acquires, develops, and owns multifamily apartment communities and commercial real estate properties in the southwestern, southeastern, and mid-western United States. The company leases apartment units to residents; and leases office, industrial, and retail space to various for-profit businesses, as well as local, state, and federal agencies; and sells land and properties.

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