Transcontinental Realty Investors (NYSE:TCI) Shares Up 4.6% – Time to Buy?

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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, the company has an average rating of “Hold”.

Transcontinental Realty Investors Trading Up 2.8%

The company’s 50-day moving average is $48.55 and its 200 day moving average is $45.81. The stock has a market capitalization of $504.30 million, a PE ratio of 91.21 and a beta of 0.45.

Transcontinental Realty Investors (NYSE:TCI) last issued its earnings results on Thursday, November 6th. The real estate investment trust reported $0.08 EPS for the quarter. The firm 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 Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TCI. Russell Investments Group Ltd. lifted its position in shares of Transcontinental Realty Investors by 85.7% during the second quarter. Russell Investments Group Ltd. now owns 739 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 341 shares in the last quarter. MAI Capital Management purchased a new position in Transcontinental Realty Investors in the third quarter worth approximately $42,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Transcontinental Realty Investors by 43.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,032 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 315 shares in the last quarter. Bank of America Corp DE increased its position in shares of Transcontinental Realty Investors by 47.9% in the 2nd quarter. Bank of America Corp DE now owns 1,310 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 424 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Transcontinental Realty Investors in the 2nd quarter valued at $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.