Transcontinental Realty Investors (NYSE:TCI) Posts Earnings Results

Transcontinental Realty Investors (NYSE:TCI) released its earnings results on Thursday. The real estate investment trust reported $0.08 earnings per share for the quarter, Zacks reports. The firm had revenue of $12.84 million for the quarter. Transcontinental Realty Investors had a return on equity of 0.41% and a net margin of 13.88%.

Transcontinental Realty Investors Stock Performance

Transcontinental Realty Investors stock traded up $0.11 during midday trading on Friday, hitting $46.78. 979 shares of the company’s stock were exchanged, compared to its average volume of 2,808. The company has a market cap of $404.14 million, a PE ratio of 61.55 and a beta of 0.56. The firm has a 50-day moving average of $45.40 and a two-hundred day moving average of $41.51. Transcontinental Realty Investors has a 12 month low of $25.50 and a 12 month high of $48.00.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Transcontinental Realty Investors in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Transcontinental Realty Investors presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Transcontinental Realty Investors

A number of hedge funds and other institutional investors have recently modified their holdings of TCI. Geode Capital Management LLC increased its holdings 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 valued at $1,523,000 after buying an additional 8,883 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Transcontinental Realty Investors by 85.7% in the 2nd 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 acquiring an additional 315 shares during the period. Raymond James Financial Inc. bought a new position in shares of Transcontinental Realty Investors in the 2nd quarter worth $68,000. Finally, Bank of America Corp DE boosted its position in Transcontinental Realty Investors by 47.9% during the second 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 in the last quarter.

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.