TheStreet upgraded shares of American Realty Investors (NYSE:ARL) from a d+ rating to a c+ rating in a report issued on Tuesday, TheStreetRatingsTable reports.
Shares of NYSE ARL opened at $12.65 on Tuesday. The company has a market capitalization of $194.68 million, a P/E ratio of 10.31 and a beta of 0.04. American Realty Investors has a 52 week low of $11.22 and a 52 week high of $20.57. The company has a debt-to-equity ratio of 1.39, a current ratio of 11.85 and a quick ratio of 11.85.
An institutional investor recently raised its position in American Realty Investors stock. BlackRock Inc. boosted its stake in shares of American Realty Investors, Inc. (NYSE:ARL) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,674 shares of the financial services provider’s stock after purchasing an additional 3,656 shares during the quarter. BlackRock Inc. owned about 0.93% of American Realty Investors worth $1,795,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 1.77% of the company’s stock.
American Realty Investors, Inc acquires, develops, and owns residential 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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