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

Transcontinental Realty Investors (NYSE:TCI) issued its quarterly earnings results on Thursday. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $13.91 million for the quarter. Transcontinental Realty Investors had a net margin of 16.08% and a negative return on equity of 0.17%.

Transcontinental Realty Investors Price Performance

Shares of NYSE:TCI traded up $0.84 during midday trading on Friday, hitting $48.79. The company had a trading volume of 2,542 shares, compared to its average volume of 7,225. 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 $421.55 million, a price-to-earnings ratio of 51.90 and a beta of 0.57. The business’s 50-day simple moving average is $45.46 and its 200-day simple moving average is $41.72.

Institutional Trading of Transcontinental Realty Investors

An institutional investor recently bought a new stake in Transcontinental Realty Investors stock. Tidal Investments LLC acquired a new position in Transcontinental Realty Investors, Inc. (NYSE:TCI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,747 shares of the real estate investment trust’s stock, valued at approximately $724,000. Tidal Investments LLC owned about 0.18% of Transcontinental Realty Investors as of its most recent filing with the Securities and Exchange Commission.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Weiss Ratings downgraded Transcontinental Realty Investors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 26th. Wall Street Zen raised shares of Transcontinental Realty Investors to a “sell” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Transcontinental Realty Investors presently has an average rating of “Sell”.

Transcontinental Realty Investors Company Profile

Transcontinental Realty Investors, Inc. is a real estate investment company that acquires, develops, owns and manages income-producing properties. Its portfolio includes multifamily residential communities and commercial real estate, such as office and retail properties, as well as land held for development. The company’s activities span real estate markets in the United States, with a focus on owning and operating properties and pursuing development opportunities. Transcontinental Realty Investors was established in 1982.