Transcontinental Realty Investors (NYSE:TCI) Sees Large Volume Increase – Here’s What Happened

Transcontinental Realty Investors, Inc. (NYSE:TCI) shares saw strong trading volume on Friday . 1,648 shares traded hands during trading, a decline of 44% from the previous session’s volume of 2,928 shares.The stock last traded at $58.0620 and had previously closed at $56.76.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Transcontinental Realty Investors in a report on Monday, December 22nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Transcontinental Realty Investors Trading Up 3.4%

The firm has a 50 day moving average price of $48.55 and a two-hundred day moving average price of $45.81. The firm has a market capitalization of $507.07 million, a price-to-earnings ratio of 91.71 and a beta of 0.45.

Transcontinental Realty Investors (NYSE:TCI) last issued its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.08 EPS for the quarter. The company had revenue of $12.84 million during the quarter. Transcontinental Realty Investors had a return on equity of 0.30% and a net margin of 11.52%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its stake 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 valued at $1,523,000 after acquiring an additional 8,883 shares during the period. Russell Investments Group Ltd. grew its holdings 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 worth $31,000 after purchasing an additional 341 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 worth $44,000 after purchasing an additional 315 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Transcontinental Realty Investors during the second quarter valued at approximately $68,000. Finally, Bank of America Corp DE raised its stake in shares of Transcontinental Realty Investors by 47.9% in 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 purchasing an additional 424 shares in the last quarter.

About Transcontinental Realty Investors

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.