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

Transcontinental Realty Investors (NYSE:TCI) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings downgraded Transcontinental Realty Investors from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Transcontinental Realty Investors Stock Up 1.8%

Transcontinental Realty Investors stock opened at $48.79 on Friday. The company’s 50-day moving average price is $45.66 and its 200-day moving average price is $41.71. The company has a market cap of $421.55 million, a PE ratio of 58.08 and a beta of 0.57. Transcontinental Realty Investors has a twelve month low of $31.48 and a twelve month high of $59.65.

Transcontinental Realty Investors (NYSE:TCI) last announced its quarterly earnings results on Thursday, November 12th. The real estate investment trust reported ($0.02) EPS for the quarter. The business had revenue of $13.91 million during the quarter. Transcontinental Realty Investors had a net margin of 14.06% and a negative return on equity of 0.27%.

Institutional Inflows and Outflows

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

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.