Transcontinental Realty Investors (NYSE:TCI) Releases Earnings Results

Transcontinental Realty Investors (NYSE:TCI) issued its earnings results on Thursday. The real estate investment trust reported ($0.13) EPS for the quarter, FiscalAI reports. The firm had revenue of $12.87 million during the quarter. Transcontinental Realty Investors had a net margin of 18.94% and a negative return on equity of 0.02%.

Transcontinental Realty Investors Trading Down 0.1%

TCI stock traded down $0.03 during trading on Friday, hitting $40.11. 4,641 shares of the stock traded hands, compared to its average volume of 11,244. Transcontinental Realty Investors has a one year low of $31.48 and a one year high of $59.65. The stock has a market cap of $346.51 million, a price-to-earnings ratio of 36.80 and a beta of 0.50. The company has a 50 day simple moving average of $42.01 and a 200 day simple moving average of $41.48.

Insiders Place Their Bets

In other news, major shareholder Realty Invest Transcontinental acquired 1,500 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were purchased at an average cost of $17.75 per share, with a total value of $26,625.00. Following the completion of the purchase, the insider owned 3,460,847 shares of the company’s stock, valued at $61,430,034.25. This represents a 0.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 17,097 shares of company stock worth $304,147 over the last quarter. 86.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its stake in Transcontinental Realty Investors by 1,664.3% in the third quarter. Russell Investments Group Ltd. now owns 13,038 shares of the real estate investment trust’s stock worth $601,000 after purchasing an additional 12,299 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 purchasing an additional 8,883 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Transcontinental Realty Investors in the third quarter valued at $228,000. Goldman Sachs Group Inc. acquired a new stake in shares of Transcontinental Realty Investors in the fourth quarter valued at $270,000. Finally, RBF Capital LLC bought a new position in shares of Transcontinental Realty Investors in the fourth quarter valued at about $214,000.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TCI shares. Wall Street Zen raised shares of Transcontinental Realty Investors to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of Transcontinental Realty Investors from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.