Transcontinental Realty Investors (NYSE:TCI) Shares Up 4.6% – Here’s Why

Transcontinental Realty Investors, Inc. (NYSE:TCI) rose 4.6% on Wednesday . The stock traded as high as $57.87 and last traded at $59.39. Approximately 952 shares traded hands during trading, a decline of 65% from the average daily volume of 2,730 shares. The stock had previously closed at $56.76.

Wall Street Analysts Forecast Growth

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

Transcontinental Realty Investors Stock Up 4.6%

The stock has a 50 day moving average price of $47.98 and a two-hundred day moving average price of $45.63. The company has a market cap of $513.13 million, a P/E ratio of 92.80 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 earnings per share (EPS) for the quarter. The company had revenue of $12.84 million for the quarter. Transcontinental Realty Investors had a return on equity of 0.30% and a net margin of 11.52%.

Institutional Investors Weigh In On Transcontinental Realty Investors

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in shares of 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 worth $1,523,000 after buying an additional 8,883 shares during the period. Russell Investments Group Ltd. boosted 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 purchasing an additional 315 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Transcontinental Realty Investors in the second quarter valued at approximately $68,000. Finally, Bank of America Corp DE grew 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 worth $56,000 after buying an additional 424 shares during the period.

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.