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

Transcontinental Realty Investors (NYSE:TCI) released its quarterly earnings results on Thursday. The real estate investment trust reported $0.02 EPS for the quarter, Zacks reports. The firm had revenue of $12.34 million for the quarter. Transcontinental Realty Investors had a net margin of 18.94% and a negative return on equity of 0.02%.

Transcontinental Realty Investors Stock Up 0.9%

NYSE TCI traded up $0.33 on Friday, reaching $36.65. The stock had a trading volume of 891 shares, compared to its average volume of 5,127. The firm has a market capitalization of $316.66 million, a price-to-earnings ratio of 33.62 and a beta of 0.50. Transcontinental Realty Investors has a 12-month low of $31.48 and a 12-month high of $59.65. The stock has a fifty day moving average price of $36.75 and a two-hundred day moving average price of $45.31.

Analysts Set New Price Targets

A number of analysts have issued reports on TCI shares. Weiss Ratings lowered Transcontinental Realty Investors from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 17th. Wall Street Zen raised Transcontinental Realty Investors to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Transcontinental Realty Investors currently has an average rating of “Sell”.

Institutional Trading of Transcontinental Realty Investors

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. RBF Capital LLC purchased a new stake in shares of Transcontinental Realty Investors during the fourth quarter worth $214,000. Barclays PLC increased its position in shares of Transcontinental Realty Investors by 10.5% during the fourth quarter. Barclays PLC now owns 2,960 shares of the real estate investment trust’s stock worth $174,000 after acquiring an additional 282 shares during the period. Wells Fargo & Company MN increased its position in shares of Transcontinental Realty Investors by 26.3% during the fourth quarter. Wells Fargo & Company MN now owns 2,215 shares of the real estate investment trust’s stock worth $130,000 after acquiring an additional 461 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Transcontinental Realty Investors during the fourth quarter worth $270,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Transcontinental Realty Investors during the third quarter worth $228,000.

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.