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

Transcontinental Realty Investors (NYSE:TCI) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.02 EPS for the quarter, Zacks reports. Transcontinental Realty Investors had a negative return on equity of 0.02% and a net margin of 18.94%.The company had revenue of $12.34 million during the quarter.

Transcontinental Realty Investors Trading Up 0.9%

Shares of NYSE TCI traded up $0.33 during trading on Friday, reaching $36.65. 891 shares of the company traded hands, compared to its average volume of 5,127. The firm’s fifty day simple moving average is $36.75 and its 200 day simple moving average is $45.31. The stock has a market cap of $316.66 million, a P/E ratio of 33.62 and a beta of 0.50. Transcontinental Realty Investors has a 12-month low of $31.48 and a 12-month high of $59.65.

Analysts Set New Price Targets

TCI has been the subject of a number of research reports. Weiss Ratings cut Transcontinental Realty Investors from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 17th. Wall Street Zen raised Transcontinental Realty Investors to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Transcontinental Realty Investors

A number of institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in shares of Transcontinental Realty Investors by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 36,478 shares of the real estate investment trust’s stock valued at $2,139,000 after buying an additional 619 shares during the last quarter. State Street Corp raised its stake 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 during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Transcontinental Realty Investors by 9.6% during the 4th quarter. Russell Investments Group Ltd. now owns 14,292 shares of the real estate investment trust’s stock valued at $838,000 after buying an additional 1,254 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of Transcontinental Realty Investors during the 3rd quarter valued at about $228,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Transcontinental Realty Investors during the 4th quarter valued at about $270,000.

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.