Transcontinental Realty Investors (NYSE:TCI) Hits New 12-Month High – Here’s What Happened

Transcontinental Realty Investors, Inc. (NYSE:TCI)’s stock price reached a new 52-week high during trading on Saturday . The stock traded as high as $58.15 and last traded at $57.6450, with a volume of 15327 shares changing hands. The stock had previously closed at $55.54.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Transcontinental Realty Investors in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Transcontinental Realty Investors presently has an average rating of “Hold”.

Transcontinental Realty Investors Trading Up 3.8%

The firm has a 50 day moving average of $46.10 and a two-hundred day moving average of $44.66. The stock has a market capitalization of $498.05 million, a PE ratio of 90.07 and a beta of 0.45.

Transcontinental Realty Investors (NYSE:TCI) last issued its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $12.84 million during the quarter. Transcontinental Realty Investors had a return on equity of 0.30% and a net margin of 11.52%.

Institutional Trading of Transcontinental Realty Investors

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its holdings in Transcontinental Realty Investors by 85.7% in the second quarter. Russell Investments Group Ltd. now owns 739 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 341 shares during the last quarter. MAI Capital Management purchased a new position in shares of Transcontinental Realty Investors in the 3rd quarter worth about $42,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Transcontinental Realty Investors by 43.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,032 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 315 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Transcontinental Realty Investors by 47.9% during the 2nd quarter. Bank of America Corp DE now owns 1,310 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 424 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Transcontinental Realty Investors in the second quarter valued at approximately $68,000.

About Transcontinental Realty Investors

Transcontinental Realty Investors, Inc is a publicly traded real estate investment company listed on the NYSE under the ticker TCI. The company specializes in the acquisition, ownership and operation of neighborhood and community shopping centers. Its core focus is on open‐air retail properties anchored by grocery stores, pharmacies and national discount retailers, providing stable tenant demand and long‐term lease structures.

The firm’s portfolio comprises a diversified collection of retail shopping centers located primarily in the Midwest and Southern regions of the United States.