Transcontinental Realty Investors (NYSE:TCI) Issues Quarterly Earnings Results

Transcontinental Realty Investors (NYSE:TCI) issued its quarterly earnings data on Thursday. The real estate investment trust reported ($0.13) earnings per share for the quarter, FiscalAI reports. Transcontinental Realty Investors had a negative return on equity of 0.17% and a net margin of 16.08%.The company had revenue of $12.87 million for the quarter.

Transcontinental Realty Investors Trading Down 10.2%

Shares of TCI stock traded down $4.09 during trading hours on Friday, reaching $36.05. 19,634 shares of the stock were exchanged, compared to its average volume of 50,148. Transcontinental Realty Investors has a 12-month low of $31.48 and a 12-month high of $59.65. The company’s 50-day moving average price is $41.96 and its 200-day moving average price is $41.44. The firm has a market capitalization of $311.47 million, a price-to-earnings ratio of 38.35 and a beta of 0.50.

Insider Buying and Selling

In other news, major shareholder Realty Invest Transcontinental acquired 2,474 shares of Transcontinental Realty Investors stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average cost of $17.83 per share, with a total value of $44,111.42. Following the transaction, the insider directly owned 3,451,735 shares of the company’s stock, valued at $61,544,435.05. This trade represents a 0.07% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders have bought 17,097 shares of company stock worth $304,147. Corporate insiders own 86.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC purchased a new stake in shares of Transcontinental Realty Investors in the fourth quarter worth approximately $33,000. Russell Investments Group Ltd. boosted its holdings in 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 acquiring an additional 341 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 acquiring an additional 315 shares during the period. Bank of America Corp DE grew its position 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 last quarter. Finally, Empowered Funds LLC bought a new position in Transcontinental Realty Investors in the 4th quarter valued at $82,000.

Analyst Ratings Changes

TCI has been the subject of several analyst reports. Wall Street Zen raised Transcontinental Realty Investors to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings raised Transcontinental Realty Investors from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

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.