Transcontinental Realty Investors (NYSE:TCI) Releases Quarterly Earnings Results

Transcontinental Realty Investors (NYSE:TCI) released its quarterly earnings results on Thursday. The real estate investment trust reported $0.02 EPS for the quarter, Zacks reports. Transcontinental Realty Investors had a negative return on equity of 0.02% and a net margin of 18.94%.The business had revenue of $12.34 million during the quarter.

Transcontinental Realty Investors Stock Up 0.9%

TCI traded up $0.33 on Friday, reaching $36.65. The company’s stock had a trading volume of 891 shares, compared to its average volume of 5,127. The company has a market capitalization of $316.66 million, a price-to-earnings ratio of 33.62 and a beta of 0.50. Transcontinental Realty Investors has a fifty-two week low of $31.48 and a fifty-two week high of $59.65. The stock has a 50 day moving average of $36.75 and a two-hundred day moving average of $45.31.

Wall Street Analyst Weigh In

TCI has been the topic of several research reports. Weiss Ratings lowered Transcontinental Realty Investors from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 17th. Wall Street Zen raised Transcontinental Realty Investors to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Transcontinental Realty Investors presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TCI. Kestra Advisory Services LLC purchased a new stake in Transcontinental Realty Investors in the fourth quarter valued at $33,000. Russell Investments Group Ltd. increased its position in shares of Transcontinental Realty Investors by 85.7% during the second quarter. Russell Investments Group Ltd. now owns 739 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 341 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 during the last quarter. Bank of America Corp DE boosted its position in shares of Transcontinental Realty Investors by 47.9% in the 2nd quarter. Bank of America Corp DE now owns 1,310 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 424 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of Transcontinental Realty Investors in the 4th quarter valued at about $82,000.

Transcontinental Realty Investors Company Profile

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.