Transcontinental Realty Investors (NYSE:TCI) Posts Earnings Results

Transcontinental Realty Investors (NYSE:TCI) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.08 earnings per share for the quarter, Zacks reports. Transcontinental Realty Investors had a net margin of 13.88% and a return on equity of 0.41%. The company had revenue of $12.84 million during the quarter.

Transcontinental Realty Investors Trading Up 0.2%

Shares of NYSE TCI traded up $0.11 during mid-day trading on Friday, hitting $46.78. The company had a trading volume of 979 shares, compared to its average volume of 2,808. The company has a market capitalization of $404.14 million, a price-to-earnings ratio of 61.55 and a beta of 0.56. Transcontinental Realty Investors has a 1 year low of $25.50 and a 1 year high of $48.00. The stock’s 50-day moving average price is $45.40 and its 200-day moving average price is $41.51.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Transcontinental Realty Investors

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Transcontinental Realty Investors by 37.6% in the third quarter. JPMorgan Chase & Co. now owns 2,669 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 730 shares in the last quarter. Bank of America Corp DE increased its holdings in 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 worth $56,000 after acquiring an additional 424 shares during the period. Raymond James Financial Inc. purchased a new stake in Transcontinental Realty Investors in the 2nd quarter worth approximately $68,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 valued at $44,000 after purchasing an additional 315 shares during the period. Finally, 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.

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.