Transcontinental Realty Investors (NYSE:TCI) Issues 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. Transcontinental Realty Investors had a net margin of 16.08% and a negative return on equity of 0.17%. The firm had revenue of $13.91 million for the quarter.

Transcontinental Realty Investors Stock Down 2.3%

Shares of TCI traded down $1.12 during mid-day trading on Thursday, reaching $47.61. The company’s stock had a trading volume of 1,248 shares, compared to its average volume of 17,988. The company has a market cap of $411.35 million, a price-to-earnings ratio of 50.65 and a beta of 0.57. The business has a fifty day moving average of $45.24 and a 200 day moving average of $41.73. Transcontinental Realty Investors has a 1 year low of $31.48 and a 1 year high of $59.65.

Analyst Ratings Changes

TCI has been the topic of several recent research reports. Weiss Ratings lowered shares of Transcontinental Realty Investors from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. Wall Street Zen upgraded Transcontinental Realty Investors to a “sell” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Transcontinental Realty Investors currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Transcontinental Realty Investors stock. Tidal Investments LLC acquired a new position in Transcontinental Realty Investors, Inc. (NYSE:TCI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 (SEC).

About Transcontinental Realty Investors

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.