Transcontinental Realty Investors (NYSE:TCI) Issues Earnings Results

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

Transcontinental Realty Investors Trading Up 0.2%

Shares of NYSE TCI traded up $0.11 during mid-day trading on Friday, hitting $46.78. The company had a trading volume of 979 shares, compared to its average volume of 2,808. The firm has a 50-day simple moving average of $45.40 and a two-hundred day simple moving average of $41.51. The company has a market capitalization of $404.14 million, a PE ratio of 61.55 and a beta of 0.56. Transcontinental Realty Investors has a one year low of $25.50 and a one year high of $48.00.

Hedge Funds Weigh In On Transcontinental Realty Investors

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its position 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 worth $1,523,000 after buying an additional 8,883 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Transcontinental Realty Investors by 37.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,669 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 730 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Transcontinental Realty Investors during the 2nd quarter worth approximately $68,000. Bank of America Corp DE raised its stake in Transcontinental Realty Investors by 47.9% in the 2nd quarter. Bank of America Corp DE now owns 1,310 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 424 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Transcontinental Realty Investors by 43.9% during 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 purchasing an additional 315 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Transcontinental Realty Investors in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Transcontinental Realty Investors Company Profile

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.