ARL - American Realty Investors, Inc.

NYSE - NYSE Delayed Price. Currency in USD
16.78
-0.15 (-0.89%)
As of 9:30AM EDT. Market open.
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Previous Close16.93
Open16.78
Bid16.36 x 800
Ask16.74 x 800
Day's Range16.78 - 16.78
52 Week Range11.19 - 19.00
Volume145
Avg. Volume2,701
Market Cap268.431M
Beta (3Y Monthly)1.29
PE Ratio (TTM)1.60
EPS (TTM)10.47
Earnings DateApr 3, 2019 - Apr 8, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • Cyril Ramaphosa’s Honeymoon Is Officially Over
    Bloomberg7 days ago

    Cyril Ramaphosa’s Honeymoon Is Officially Over

    (Bloomberg) -- South African business leaders are becoming frustrated with the pace of reform under President Cyril Ramaphosa. His cabinet choices and spending pledges haven’t helped.His ascension to national leader in February last year was greeted with so-called “Ramaphoria,” as the rand and government bonds surged on expectations he would reform the struggling economy, crack down on corruption and replace non-performing cabinet members. Much of that rally was relief at seeing the end of Jacob Zuma’s nine-year tenure marked by corruption and few policy decisions. Since the end of the month when Ramaphosa took power the rand has declined 20% against the dollar. Patience for change in the business community is running out. Some key corporate figures say the cabinet Ramaphosa named after his May election victory hasn’t brought in enough fresh ideas, while his state-of-the-nation address in June was seen as full of feel-good spending pledges and no detail on funding.“Very tough decisions have to be taken. We have not yet seen any willingness to take those decisions. Time lines are short and pressures intense,” said Martin Kingston, executive chairman of Rothschild & Co.’s South African unit and vice president of the country’s main business lobby. “As a country we want to have our cake and eat it, and everyone else’s cake.”Bullet TrainsWhile Ramaphosa vowed to save the struggling state power utility, he also promised bullet trains and a new city. That’s in a nation where most municipalities struggle to provide basic services like housing and sanitation, and after South Africa’s economy posted its biggest quarterly contraction in a decade and investor confidence slid to near multi-year lows. The last-remaining investment grade rating at Moody’s Investors Service is under threat.Kingston’s sentiments were echoed by three chief executive officers of large companies and a senior business association leader, all of whom declined to be identified as their organizations haven’t publicly commented. They all said Ramaphosa had been forced to compromise because of his narrow victory in a 2017 party election, and the opposition he faces from a faction within the ruling ANC that’s still loyal to Zuma.Presidency spokeswoman Khusela Diko didn’t answer a call to her mobile phone.Chief among the business leaders’ concerns were the appointments to head the education and labor ministries. Both posts are seen as key in a nation with one of the world’s worst-performing educational systems, a gaping skills shortage despite a 27% unemployment rate, and rigid labor laws that make it difficult to hire and fire workers and have boosted the power of labor unions.Labor LeaderAngie Motshekga, who has run the education portfolio since 2009, was reappointed to the post, while Thulas Nxesi, a former leader of the main teachers’ union, was moved to the Ministry of Labour and Employment. Nxesi had been criticized for defending irregular government spending on Zuma’s private home while he was public works minister. A union leader is unlikely to ease labor laws to make it easier to do business, the business leaders said.Ebrahim Patel, who’s economic development role was expanded to include trade and industry, had been criticized by some corporate leaders for intervening in the takeover of local retailer Massmart Holdings Ltd. by U.S. giant Wal-Mart Inc. to demand concessions.Even two appointments that have been welcomed by business -- bringing back Tito Mboweni as finance minister and Pravin Gordhan to public enterprises -- are seen as short-term postings.Mboweni has said he doesn’t want to stay in the position for too long and Gordhan, 70, has been attacked by the opposition Economic Freedom Fighters and the country’s anti-graft ombudsman for decisions while heading the South African Revenue Service a decade ago. Even though they are regarded as sound economic choices, few major reforms have been made since they were first appointed last year.Job Cuts?Concern over the cabinet among the business leaders was compounded by Ramaphosa’s spending pledges in his June 20 speech. While he pledged to accelerate 230 billion rand ($16 billion) in support for Eskom, he didn’t mention the job cuts and efficiency improvements the utility’s management says are needed.Christiaan Schutte, the CEO of South Africa’s biggest poultry producer, Astral Foods Ltd., was “flabbergasted” by talk of bullet trains and new cities when municipalities can’t provide basic services. In May, Astral said the inability of a municipality to supply one of its plants with water would cut profit by 85 million rand.Of the 28 ministers Ramaphosa appointed, only six hadn’t served in cabinet before.“We have many of the same economic players in similar or expanded portfolios,” Kingston said. “However, we don’t necessarily want the same policies. We have high hopes for meaningful change and urgent decision-making and action.”(Adds rand performance in second paragraph.)To contact the reporters on this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net;Roxanne Henderson in Johannesburg at rhenderson56@bloomberg.netTo contact the editors responsible for this story: John McCorry at jmccorry@bloomberg.net, Gordon Bell, Paul RichardsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is iShares Emerging Markets Dividend ETF (DVYE) a Strong ETF Right Now?
    Zackslast month

    Is iShares Emerging Markets Dividend ETF (DVYE) a Strong ETF Right Now?

    Smart Beta ETF report for DVYE

  • Is American Realty Investors, Inc.'s (NYSE:ARL) Balance Sheet Strong Enough To Weather A Storm?
    Simply Wall St.2 months ago

    Is American Realty Investors, Inc.'s (NYSE:ARL) Balance Sheet Strong Enough To Weather A Storm?

    Investors are always looking for growth in small-cap stocks like American Realty Investors, Inc. (NYSE:ARL), with a...

  • Associated Press2 months ago

    ARL: 1Q Earnings Snapshot

    On a per-share basis, the Dallas-based company said it had a loss of 38 cents. The real estate investment company posted revenue of $11.9 million in the period. ARL shares have risen almost 10% since the ...

  • Business Wire2 months ago

    American Realty Investors, Inc. Reports First Quarter 2019 Results

    American Realty Investors, Inc. , a Dallas-based real estate investment company, today reported results of operations for the first quarter ended March 31, 2019.

  • Associated Press3 months ago

    ARL: 4Q Earnings Snapshot

    The Dallas-based company said it had net income of $9.26 per share. Losses, adjusted for non-recurring gains, came to 37 cents per share. The real estate investment company posted revenue of $24.9 million ...

  • Business Wire3 months ago

    American Realty Investors, Inc. Reports Full Year Results for 2018

    American Realty Investors, Inc. , a Dallas-based real estate investment company is reporting its Results of Operations for 2018. In November 2018 the Company created a new subsidiary Victory Abode Apartments, LLC and contributed 52 multi-family projects that it owned and operated to VAA.

  • Hedge Funds Are Snapping Up Select Interior Concepts, Inc. (SIC)
    Insider Monkey4 months ago

    Hedge Funds Are Snapping Up Select Interior Concepts, Inc. (SIC)

    A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]

  • GlobeNewswire8 months ago

    Factors of Influence in 2018, Key Indicators and Opportunity within Document Security, American Realty Investors, Digirad, GRAVITY Co., Ampco-Pittsburgh, and ChinaNet Online — New Research Emphasizes Economic Growth

    NEW YORK, Nov. 23, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.

  • Associated Press8 months ago

    ARL: 3Q Earnings Snapshot

    On a per-share basis, the Dallas-based company said it had net income of $1.26. The real estate investment company posted revenue of $33.4 million in the period. ARL shares have risen 28 percent since ...

  • Business Wire8 months ago

    American Realty Investors, Inc. Reports Third Quarter 2018 Results

    American Realty Investors, Inc. , a Dallas-based real estate investment company, today reported results of operations for the third quarter ended September 30, 2018. For the three months ended September 30, 2018, we reported a net income applicable to common shares of $20.1 million or $1.26 per diluted loss per share compared to a net income applicable to common shares of $9.1 million or $0.59 per ...

  • With A 8.2% Return On Equity, Is American Realty Investors Inc (NYSE:ARL) A Quality Stock?
    Simply Wall St.8 months ago

    With A 8.2% Return On Equity, Is American Realty Investors Inc (NYSE:ARL) A Quality Stock?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return Read More...

  • Associated Press11 months ago

    ARL: 2Q Earnings Snapshot

    The Dallas-based company said it had net income of 35 cents per share. The real estate investment company posted revenue of $31.6 million in the period. ARL shares have increased 37 percent since the beginning ...

  • Business Wire11 months ago

    American Realty Investors, Inc. Reports Second Quarter 2018 Results

    American Realty Investors, Inc. , a Dallas-based real estate investment company, today reported results of operations for the first quarter ended March 31, 2018. For the three months ended June 30, 2018, we reported a net income applicable to common shares of $5.6 million or per diluted loss per share compared to a net loss applicable to common shares of $11.2 million or per diluted loss per share ...

  • Who Are The Top Investors In American Realty Investors Inc (NYSE:ARL)?
    Simply Wall St.11 months ago

    Who Are The Top Investors In American Realty Investors Inc (NYSE:ARL)?

    In this article, I’m going to take a look at American Realty Investors Inc’s (NYSE:ARL) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subjectRead More...

  • Business Wirelast year

    American Realty Investors, Inc. Included in Russell 2000 Index

    CEO and President Daniel J. Moos announced today that American Realty Investors, Inc. has now been included in the Russell 2000 US Equity Index.