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 $0.08 EPS for the quarter, Zacks reports. The firm had revenue of $12.84 million during the quarter. Transcontinental Realty Investors had a net margin of 13.88% and a return on equity of 0.41%.

Transcontinental Realty Investors Trading Up 0.2%

Transcontinental Realty Investors stock traded up $0.11 during midday trading on Friday, hitting $46.78. The stock had a trading volume of 979 shares, compared to its average volume of 2,808. Transcontinental Realty Investors has a 52-week low of $25.50 and a 52-week high of $48.00. The company has a market capitalization of $404.14 million, a PE ratio of 61.55 and a beta of 0.56. The firm’s fifty day moving average is $45.40 and its two-hundred day moving average is $41.51.

Institutional Trading of Transcontinental Realty Investors

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted 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 valued at $123,000 after buying an additional 730 shares in the last quarter. Bank of America Corp DE raised its holdings in Transcontinental Realty Investors by 47.9% during the second 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. Raymond James Financial Inc. purchased a new position in shares of Transcontinental Realty Investors in the second quarter valued at about $68,000. Geode Capital Management LLC grew its holdings in Transcontinental Realty Investors by 33.1% during the 2nd quarter. Geode Capital Management LLC now owns 35,728 shares of the real estate investment trust’s stock valued at $1,523,000 after buying an additional 8,883 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Transcontinental Realty Investors by 43.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,032 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 315 shares in the last quarter.

Analyst Upgrades and Downgrades

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