Transcontinental Realty Investors (NYSE:TCI) Raised to “Sell” at Wall Street Zen

Transcontinental Realty Investors (NYSE:TCI) was upgraded by investment analysts at Wall Street Zen to a “sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings upgraded Transcontinental Realty Investors from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Transcontinental Realty Investors Price Performance

NYSE TCI opened at $36.56 on Friday. The stock has a market capitalization of $320.63 million, a price-to-earnings ratio of 38.89 and a beta of 0.50. Transcontinental Realty Investors has a 1-year low of $31.48 and a 1-year high of $59.65. The business’s fifty day moving average price is $41.86 and its 200-day moving average price is $40.82.

Transcontinental Realty Investors (NYSE:TCI) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported ($0.13) EPS for the quarter. Transcontinental Realty Investors had a negative return on equity of 0.17% and a net margin of 16.08%.The firm had revenue of $12.87 million during the quarter.

Insider Activity

In related news, major shareholder Realty Invest Transcontinental acquired 1,500 shares of Transcontinental Realty Investors stock in a transaction dated Monday, June 22nd. The stock was purchased at an average cost of $17.75 per share, for a total transaction of $26,625.00. Following the purchase, the insider directly owned 3,460,847 shares of the company’s stock, valued at approximately $61,430,034.25. This trade represents a 0.04% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have acquired 17,097 shares of company stock worth $304,147. Insiders own 86.20% of the company’s stock.

Hedge Funds Weigh In On Transcontinental Realty Investors

A number of institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its holdings in Transcontinental Realty Investors by 10.5% during the fourth quarter. Barclays PLC now owns 2,960 shares of the real estate investment trust’s stock valued at $174,000 after purchasing an additional 282 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Transcontinental Realty Investors by 43.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,032 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 315 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Transcontinental Realty Investors by 85.7% in the second quarter. Russell Investments Group Ltd. now owns 739 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 341 shares during the period. State Street Corp lifted its position in shares of Transcontinental Realty Investors by 1.6% during the 4th quarter. State Street Corp now owns 22,703 shares of the real estate investment trust’s stock valued at $1,331,000 after buying an additional 352 shares in the last quarter. Finally, Bank of America Corp DE lifted 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 buying 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.