American Realty Investors, Inc. (NYSE:ARL – Get Free Report) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 25,400 shares, a growth of 17.6% from the February 13th total of 21,600 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average trading volume of 5,100 shares, the days-to-cover ratio is presently 5.0 days.
American Realty Investors Stock Up 2.7 %
Shares of ARL traded up $0.36 on Wednesday, reaching $13.84. The stock had a trading volume of 1,562 shares, compared to its average volume of 7,670. American Realty Investors has a 12-month low of $12.51 and a 12-month high of $22.77. The firm has a market capitalization of $223.54 million, a price-to-earnings ratio of -13.44 and a beta of 0.56. The company has a debt-to-equity ratio of 0.23, a quick ratio of 8.52 and a current ratio of 8.52. The company has a 50-day simple moving average of $14.34 and a 200-day simple moving average of $15.29.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on American Realty Investors in a research report on Wednesday, March 12th. They issued a “hold” rating for the company.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of American Realty Investors by 257.0% during the 3rd quarter. Barclays PLC now owns 1,967 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,416 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of American Realty Investors by 112.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,798 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,478 shares during the period. BNP Paribas Financial Markets raised its stake in shares of American Realty Investors by 1,262.5% in the third quarter. BNP Paribas Financial Markets now owns 4,864 shares of the financial services provider’s stock worth $85,000 after buying an additional 4,507 shares during the period. Northern Trust Corp grew its stake in shares of American Realty Investors by 20.4% during the 4th quarter. Northern Trust Corp now owns 24,632 shares of the financial services provider’s stock valued at $362,000 after acquiring an additional 4,180 shares during the period. Finally, PFG Investments LLC bought a new position in American Realty Investors in the 4th quarter worth $396,000.
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.
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