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

Transcontinental Realty Investors (NYSE:TCI) announced its earnings results on Thursday. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, Zacks reports. Transcontinental Realty Investors had a net margin of 6.55% and a return on equity of 0.38%. The business had revenue of $11.79 million during the quarter.

Transcontinental Realty Investors Stock Performance

Shares of TCI opened at $27.96 on Friday. The firm has a market cap of $241.50 million, a price-to-earnings ratio of 75.55 and a beta of 0.52. Transcontinental Realty Investors has a fifty-two week low of $25.50 and a fifty-two week high of $39.50. The firm has a 50 day moving average price of $28.06 and a 200-day moving average price of $28.27.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Transcontinental Realty Investors in a research report on Friday. They set a “sell” rating for the company.

Insider Transactions at Transcontinental Realty Investors

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental acquired 21,678 shares of the stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average cost of $18.00 per share, for a total transaction of $390,204.00. Following the acquisition, the insider now owns 3,403,248 shares in the company, valued at $61,258,464. The trade was a 0.64 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 86.20% of the company’s stock.

About Transcontinental Realty Investors

Transcontinental Realty Investors, Inc, a Dallas-based real estate investment company, holds a diverse portfolio of equity real estate located across the U.S., including office buildings, apartments, shopping centers, and developed and undeveloped land. The Company invests in real estate through direct ownership, leases and partnerships and invests in mortgage loans on real estate.