Transcontinental Realty Investors (NYSE:TCI) Reaches New 1-Year High – Here’s Why

Transcontinental Realty Investors, Inc. (NYSE:TCI)’s stock price reached a new 52-week high during mid-day trading on Saturday . The company traded as high as $58.15 and last traded at $57.6450, with a volume of 15327 shares changing hands. The stock had previously closed at $55.54.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Transcontinental Realty Investors in a research report on Monday, December 15th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Transcontinental Realty Investors Trading Up 3.8%

The stock has a 50-day simple moving average of $46.10 and a 200-day simple moving average of $44.71. The company has a market cap of $498.05 million, a price-to-earnings ratio of 90.07 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 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 Trading of Transcontinental Realty Investors

A number of institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its stake in 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. MAI Capital Management bought a new position in Transcontinental Realty Investors during the third quarter valued at about $42,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Transcontinental Realty Investors by 43.9% during the second 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 buying an additional 315 shares in the last quarter. Bank of America Corp DE grew its holdings in Transcontinental Realty Investors by 47.9% during the second 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. Finally, Raymond James Financial Inc. bought a new stake in Transcontinental Realty Investors in the second quarter worth about $68,000.

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.