Weiss Ratings Reiterates "Hold (C)" Rating for Transcontinental Realty Investors (NYSE:TCI)

Key Points

• Weiss Ratings has restated its "hold (C)" rating for Transcontinental Realty Investors (NYSE: TCI), indicating a neutral stance on the stock.
• Transcontinental Realty Investors' stock price increased by $1.14 to reach $46.13, with a notable trading volume of 549 shares.
• Institutional investors have shown increased interest, with significant stake increases from firms like Russell Investments Group Ltd. and Bank of America Corp DE during the second quarter.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report)'s stock had its "hold (c)" rating restated by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Transcontinental Realty Investors Stock Performance

TCI traded up $1.14 during trading on Wednesday, reaching $46.13. The stock had a trading volume of 549 shares, compared to its average volume of 1,941. The business has a 50-day moving average of $45.50 and a 200-day moving average of $38.98. Transcontinental Realty Investors has a one year low of $25.50 and a one year high of $48.00. The stock has a market cap of $398.52 million, a PE ratio of 60.69 and a beta of 0.60.

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 earnings per share (EPS) for the quarter. Transcontinental Realty Investors had a net margin of 13.88% and a return on equity of 0.41%. The business had revenue of $12.16 million during the quarter.

Hedge Funds Weigh In On Transcontinental Realty Investors

Institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. increased 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 valued at $31,000 after acquiring an additional 341 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of 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 during the last quarter. Bank of America Corp DE boosted its stake in shares of Transcontinental Realty Investors by 47.9% during the 2nd quarter. Bank of America Corp DE now owns 1,310 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 424 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Transcontinental Realty Investors during the 2nd quarter valued at $68,000. Finally, Geode Capital Management LLC lifted its stake in shares of 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 buying an additional 8,883 shares in the last quarter.

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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