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

Wall Street Zen upgraded shares of Transcontinental Realty Investors (NYSE:TCI) to a sell rating in a research note published on Saturday.

Separately, Weiss Ratings lowered shares of Transcontinental Realty Investors from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Transcontinental Realty Investors Stock Performance

Shares of TCI opened at $36.65 on Friday. The business has a 50-day moving average of $36.75 and a 200 day moving average of $45.31. Transcontinental Realty Investors has a fifty-two week low of $31.48 and a fifty-two week high of $59.65. The firm has a market cap of $316.66 million, a P/E ratio of 33.62 and a beta of 0.50.

Transcontinental Realty Investors (NYSE:TCI) last released its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.02 earnings per share for the quarter. Transcontinental Realty Investors had a net margin of 18.94% and a negative return on equity of 0.02%. The business had revenue of $12.34 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TCI. Russell Investments Group Ltd. grew its position in shares of Transcontinental Realty Investors by 85.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 739 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 341 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Transcontinental Realty Investors during the 4th quarter valued at $33,000. MAI Capital Management purchased a new position in shares of Transcontinental Realty Investors during the 3rd quarter valued at $42,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Transcontinental Realty Investors by 47.9% during 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 purchasing an additional 424 shares in the last quarter.

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.