American Realty Investors, Inc. (NYSE:ARL – Get Free Report) was the target of a large growth in short interest in the month of 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. Based on an average daily trading volume, of 5,100 shares, the short-interest ratio is presently 5.0 days. Currently, 1.7% of the shares of the company are short sold.
American Realty Investors Price Performance
Shares of ARL traded up $0.36 during mid-day trading on Wednesday, reaching $13.84. The company had a trading volume of 1,562 shares, compared to its average volume of 7,670. The company’s 50 day simple moving average is $14.34 and its 200 day simple moving average is $15.29. The company 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. American Realty Investors has a 1-year low of $12.51 and a 1-year high of $22.77.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on shares of American Realty Investors in a research report on Wednesday, March 12th. They set a “hold” rating on the stock.
Institutional Trading of American Realty Investors
A number of large investors have recently bought and sold shares of ARL. Barclays PLC increased its stake in American Realty Investors by 257.0% in the third quarter. Barclays PLC now owns 1,967 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 1,416 shares in the last quarter. JPMorgan Chase & Co. raised its stake 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 worth $49,000 after purchasing an additional 1,478 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of American Realty Investors by 1,262.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,864 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 4,507 shares during the period. Northern Trust Corp increased its holdings in American Realty Investors by 20.4% in the 4th quarter. Northern Trust Corp now owns 24,632 shares of the financial services provider’s stock worth $362,000 after acquiring an additional 4,180 shares during the last quarter. Finally, PFG Investments LLC purchased a new stake in shares of American Realty Investors during the 4th quarter valued at approximately $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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