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

Key Points

• Wall Street Zen downgraded Transcontinental Realty Investors to a sell rating, while Weiss Ratings also cut the stock from hold to sell. MarketBeat says the overall consensus rating is now Sell.
• TCI shares opened at $36.65, below their 200-day moving average of $45.31 and near the 50-day average of $36.75. The stock has a market cap of about $316.7 million and a beta of 0.50.
• The company recently reported quarterly EPS of $0.02 on revenue of $12.34 million. Transcontinental Realty Investors focuses on owning and operating neighborhood and community shopping centers, mainly in the Midwest and Southern U.S.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) was upgraded by research analysts at Wall Street Zen to a "sell" rating in a report issued on Saturday.

Separately, Weiss Ratings cut shares of Transcontinental Realty Investors from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, April 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Transcontinental Realty Investors presently has a consensus rating of "Sell".

Transcontinental Realty Investors Price Performance

Shares of TCI stock opened at $36.65 on Friday. The firm's 50-day simple moving average is $36.75 and its 200-day simple moving average is $45.31. Transcontinental Realty Investors has a 1-year low of $31.48 and a 1-year high of $59.65. The firm has a market cap of $316.66 million, a P/E ratio of 33.62 and a beta of 0.50.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last released its earnings results on Thursday, May 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter. Transcontinental Realty Investors had a net margin of 18.94% and a negative return on equity of 0.02%. The firm had revenue of $12.34 million during the quarter.

Institutional Trading of Transcontinental Realty Investors

A number of hedge funds and other institutional investors have recently modified their holdings of TCI. RBF Capital LLC purchased a new stake in Transcontinental Realty Investors during the 4th quarter worth approximately $214,000. Barclays PLC raised its position in shares of 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 valued at $174,000 after purchasing an additional 282 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Transcontinental Realty Investors by 26.3% during the 4th quarter. Wells Fargo & Company MN now owns 2,215 shares of the real estate investment trust's stock valued at $130,000 after buying an additional 461 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Transcontinental Realty Investors during the 4th quarter valued at approximately $82,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Transcontinental Realty Investors during the third quarter worth approximately $228,000.

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.

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