Transcontinental Realty Investors (NYSE:TCI) Upgraded to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Transcontinental Realty Investors (NYSE:TCI) to a sell rating in a report released on Saturday.

Separately, Weiss Ratings raised shares of Transcontinental Realty Investors from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Transcontinental Realty Investors currently has a consensus rating of “Hold”.

Transcontinental Realty Investors Stock Up 2.8%

Shares of TCI opened at $36.56 on Friday. The firm has a market cap of $320.63 million, a price-to-earnings ratio of 38.89 and a beta of 0.50. The business’s 50 day moving average is $41.86 and its two-hundred day moving average is $40.88. Transcontinental Realty Investors has a 52-week low of $31.48 and a 52-week high of $59.65.

Transcontinental Realty Investors (NYSE:TCI) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported ($0.13) earnings per share for the quarter. The company had revenue of $12.87 million for the quarter. Transcontinental Realty Investors had a negative return on equity of 0.17% and a net margin of 16.08%.

Insider Buying and Selling at Transcontinental Realty Investors

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental purchased 1,500 shares of Transcontinental Realty Investors stock in a transaction dated Monday, June 22nd. The shares were bought at an average cost of $17.75 per share, for a total transaction of $26,625.00. Following the transaction, the insider owned 3,460,847 shares in the company, valued at $61,430,034.25. This represents a 0.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have acquired 17,097 shares of company stock worth $304,147 over the last 90 days. 86.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Transcontinental Realty Investors

Institutional investors and hedge funds have recently bought and sold shares of the business. RBF Capital LLC acquired a new position in Transcontinental Realty Investors during the 4th quarter valued at approximately $214,000. Barclays PLC grew its position in Transcontinental Realty Investors by 10.5% in the 4th quarter. Barclays PLC now owns 2,960 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 282 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Transcontinental Realty Investors by 26.3% in the fourth quarter. Wells Fargo & Company MN now owns 2,215 shares of the real estate investment trust’s stock valued at $130,000 after purchasing an additional 461 shares during the period. Empowered Funds LLC acquired a new stake in shares of Transcontinental Realty Investors in the fourth quarter valued at approximately $82,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Transcontinental Realty Investors during the fourth quarter valued at approximately $270,000.

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.