Transcontinental Realty Investors' (TCI) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Transcontinental Realty Investors (TCI) has had its "hold (c)" rating reaffirmed by Weiss Ratings.
• The stock is currently trading at $44.00, down 2.2%, with a market cap of $380.16 million.
• Several institutional investors have increased their stakes in TCI, including Geode Capital Management and Russell Investments Group, during the second quarter.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Transcontinental Realty Investors Trading Down 2.2%

NYSE TCI opened at $44.00 on Friday. The company's 50-day moving average price is $45.73 and its 200-day moving average price is $40.26. The stock has a market cap of $380.16 million, a PE ratio of 57.90 and a beta of 0.60. Transcontinental Realty Investors has a 12 month low of $25.50 and a 12 month high of $48.00.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.02 EPS for the quarter. The firm had revenue of $12.16 million for the quarter. Transcontinental Realty Investors had a net margin of 13.88% and a return on equity of 0.41%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in Transcontinental Realty Investors by 33.1% during the 2nd quarter. Geode Capital Management LLC now owns 35,728 shares of the real estate investment trust's stock valued at $1,523,000 after purchasing an additional 8,883 shares during the period. Russell Investments Group Ltd. increased its holdings in 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 valued at $31,000 after buying an additional 341 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 during the period. Raymond James Financial Inc. purchased a new position in Transcontinental Realty Investors during the second quarter valued at approximately $68,000. Finally, Bank of America Corp DE increased 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 valued at $56,000 after buying an additional 424 shares during the period.

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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