Wall Street Zen Upgrades Transcontinental Realty Investors (NYSE:TCI) to “Hold”

Transcontinental Realty Investors (NYSE:TCI) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings lowered Transcontinental Realty Investors from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has a consensus rating of “Sell”.

Transcontinental Realty Investors Stock Performance

Transcontinental Realty Investors stock opened at $48.79 on Friday. The company has a market capitalization of $421.55 million, a PE ratio of 58.08 and a beta of 0.57. The company has a 50 day moving average price of $45.66 and a 200-day moving average price of $41.71. Transcontinental Realty Investors has a fifty-two week low of $31.48 and a fifty-two week high of $59.65.

Transcontinental Realty Investors (NYSE:TCI) last announced its quarterly earnings data on Thursday, November 12th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter. Transcontinental Realty Investors had a negative return on equity of 0.27% and a net margin of 14.06%. The firm had revenue of $13.91 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Transcontinental Realty Investors stock. Empowered Funds LLC bought a new stake in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,849 shares of the real estate investment trust’s stock, valued at approximately $394,000. Empowered Funds LLC owned approximately 0.10% of Transcontinental Realty Investors at the end of the most recent quarter.

Transcontinental Realty Investors Company Profile

Transcontinental Realty Investors, Inc. is a real estate investment company that acquires, develops, owns and manages income-producing properties. Its portfolio includes multifamily residential communities and commercial real estate, such as office and retail properties, as well as land held for development. The company’s activities span real estate markets in the United States, with a focus on owning and operating properties and pursuing development opportunities. Transcontinental Realty Investors was established in 1982.