American Realty Investors, Inc. (NYSE:ARL) Short Interest Down 15.2% in August
American Realty Investors, Inc. (NYSE: ARL – Get a rating) saw a sharp drop in short-term interest during August. As of August 31, there was short interest totaling 15,100 shares, down 15.2% from the total of 17,800 shares as of August 15. Based on an average daily trading volume of 7,700 shares, the day-to-cover ratio is currently 2.0 days. Currently, 1.0% of the company’s shares are sold short.
Stock performance of US real estate investors
NYSE ARL lost $0.39 during Friday trading, hitting $13.75. 6,959 shares of the company have traded, compared to its average volume of 2,991. The company has a leverage ratio of 0.86, a quick ratio of 8.19 and a current ratio of 8.19. The stock has a market capitalization of $222.06 million, a price-earnings ratio of 5.52 and a beta of 0.69. American Realty Investors has a 12 month low of $10.02 and a 12 month high of $23.02. The company has a 50-day moving average of $14.54 and a 200-day moving average of $16.39.
Hedge funds weigh on US real estate investors
A number of institutional investors and hedge funds have recently increased or reduced their holdings in ARL. State Street Corp bought a new position in American Realty Investors during the second quarter for a value of approximately $245,000. Northern Trust Corp bought a new position in American Realty Investors during the second quarter for a value of approximately $216,000. Finally, Renaissance Technologies LLC increased its position in American Realty Investors by 17.1% during the second quarter. Renaissance Technologies LLC now owns 25,399 shares of the financial services provider worth $360,000 after purchasing an additional 3,700 shares during the period. Institutional investors hold 1.10% of the company’s shares.
Analyst upgrades and downgrades
Separately, StockNews.com began covering shares of American Realty Investors in a report on Sunday. They issued a “sell” rating on the stock.
American Realty Investors Company Profile
American Realty Investors, Inc, together with its subsidiaries, acquires, develops and owns multi-family apartment communities and commercial real estate properties in the Southwest, Southeast and Midwest United States. The company rents apartments to residents; and leases office, industrial, and commercial space to various for-profit businesses, as well as local, state, and federal agencies; and sells land and property.
This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Before you consider American Realty Investors, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and American Realty Investors was not on the list.
While American Realty Investors currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here