Transcontinental Realty Investors (NYSE:TCI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Transcontinental Realty Investors (NYSE:TCI) to a sell rating in a research report released on Saturday.

Separately, Weiss Ratings upgraded shares of Transcontinental Realty Investors from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Transcontinental Realty Investors Stock Down 1.8%

Shares of TCI opened at $35.28 on Friday. The business’s 50-day moving average price is $41.84 and its 200-day moving average price is $40.71. Transcontinental Realty Investors has a twelve month low of $31.48 and a twelve month high of $59.65. The stock has a market cap of $309.41 million, a PE ratio of 37.53 and a beta of 0.50.

Transcontinental Realty Investors (NYSE:TCI) last announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported ($0.13) earnings per share (EPS) for the quarter. Transcontinental Realty Investors had a negative return on equity of 0.17% and a net margin of 16.08%.The firm had revenue of $12.87 million during the quarter.

Insiders Place Their Bets

In related news, major shareholder Realty Invest Transcontinental bought 1,500 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was acquired at an average cost of $17.75 per share, for a total transaction of $26,625.00. Following the completion of the transaction, the insider directly owned 3,460,847 shares in the company, valued at $61,430,034.25. This trade represents a 0.04% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have purchased 17,097 shares of company stock valued at $304,147 over the last quarter. Company insiders own 86.20% of the company’s stock.

Institutional Trading of Transcontinental Realty Investors

Several institutional investors and hedge funds have recently made changes to their positions in TCI. Geode Capital Management LLC increased its position in shares of Transcontinental Realty Investors by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 36,478 shares of the real estate investment trust’s stock valued at $2,139,000 after purchasing an additional 619 shares during the last quarter. State Street Corp lifted its position in Transcontinental Realty Investors by 1.6% in the 4th quarter. State Street Corp now owns 22,703 shares of the real estate investment trust’s stock worth $1,331,000 after buying an additional 352 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Transcontinental Realty Investors by 9.6% in the fourth quarter. Russell Investments Group Ltd. now owns 14,292 shares of the real estate investment trust’s stock worth $838,000 after buying an additional 1,254 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Transcontinental Realty Investors in the third quarter worth approximately $228,000. Finally, Goldman Sachs Group Inc. bought a new position in Transcontinental Realty Investors during the fourth quarter valued at approximately $270,000.

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.