Transcontinental Realty Investors (NYSE:TCI) Posts Earnings Results

Transcontinental Realty Investors (NYSE:TCI) announced its quarterly earnings data on Thursday. The real estate investment trust reported ($0.13) EPS for the quarter, FiscalAI reports. Transcontinental Realty Investors had a net margin of 18.94% and a negative return on equity of 0.02%. The firm had revenue of $12.87 million during the quarter.

Transcontinental Realty Investors Stock Down 0.9%

Shares of TCI traded down $0.35 during trading hours on Thursday, hitting $40.40. 41,690 shares of the company were exchanged, compared to its average volume of 48,201. Transcontinental Realty Investors has a fifty-two week low of $31.48 and a fifty-two week high of $59.65. The company has a market cap of $349.06 million, a price-to-earnings ratio of 37.06 and a beta of 0.50. The firm’s fifty day moving average is $42.01 and its 200 day moving average is $41.48.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wall Street Zen raised Transcontinental Realty Investors to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of Transcontinental Realty Investors from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Insider Activity

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental bought 1,500 shares of the stock in a transaction on Monday, June 22nd. The stock was purchased at an average price of $17.75 per share, with a total value of $26,625.00. Following the completion of the purchase, the insider owned 3,460,847 shares in the company, valued at $61,430,034.25. The trade was a 0.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders have purchased 17,099 shares of company stock worth $304,183. Company insiders own 86.20% of the company’s stock.

Institutional Trading of Transcontinental Realty Investors

Several hedge funds have recently modified their holdings of TCI. Geode Capital Management LLC boosted its stake in Transcontinental Realty Investors by 33.1% during the second quarter. Geode Capital Management LLC now owns 35,728 shares of the real estate investment trust’s stock worth $1,523,000 after acquiring an additional 8,883 shares in the last quarter. Russell Investments Group Ltd. increased its stake 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 purchasing an additional 341 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Transcontinental Realty Investors by 43.9% during the second 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 period. Raymond James Financial Inc. acquired a new position in shares of Transcontinental Realty Investors during the second quarter valued at about $68,000. Finally, Bank of America Corp DE boosted its position 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 in the last quarter.

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.