Transcontinental Realty Investors (NYSE:TCI) Announces Earnings Results

Key Points

• Transcontinental Realty Investors reported a $0.02 earnings per share for the quarter, with a return on equity of 0.41% and a net margin of 13.88%.
• The company saw its stock price rise $0.66 to $42.30 following the earnings announcement, with a market capitalization of $365.47 million.
• Geode Capital Management increased its position in Transcontinental Realty Investors by 33.1% during the second quarter, highlighting growing institutional interest in the stock.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) released its earnings results on Thursday. The real estate investment trust reported $0.02 earnings per share for the quarter, Zacks reports. Transcontinental Realty Investors had a return on equity of 0.41% and a net margin of 13.88%. The company had revenue of $12.16 million during the quarter.

Transcontinental Realty Investors Stock Performance

Shares of NYSE TCI traded up $0.66 during trading on Friday, hitting $42.30. The company had a trading volume of 1,490 shares, compared to its average volume of 2,000. Transcontinental Realty Investors has a 12 month low of $25.50 and a 12 month high of $46.74. The firm has a market capitalization of $365.47 million, a P/E ratio of 55.66 and a beta of 0.53. The stock has a 50 day simple moving average of $41.58 and a 200 day simple moving average of $33.62.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Transcontinental Realty Investors stock. Geode Capital Management LLC increased its holdings in Transcontinental Realty Investors, Inc. (NYSE:TCI - Free Report) by 33.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,728 shares of the real estate investment trust's stock after purchasing an additional 8,883 shares during the period. Geode Capital Management LLC owned 0.41% of Transcontinental Realty Investors worth $1,523,000 as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen started coverage on Transcontinental Realty Investors in a research note on Friday, May 16th. They issued a "sell" rating on the stock.

Transcontinental Realty Investors Company Profile

Transcontinental Realty Investors, Inc, a Dallas-based real estate investment company, holds a diverse portfolio of equity real estate located across the U.S., including office buildings, apartments, shopping centers, and developed and undeveloped land. The Company invests in real estate through direct ownership, leases and partnerships and invests in mortgage loans on real estate.

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