Transcontinental Realty Investors (NYSE:TCI) Announces Earnings Results

Transcontinental Realty Investors (NYSE:TCI) issued its earnings results on Thursday. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, Zacks reports. Transcontinental Realty Investors had a net margin of 6.55% and a return on equity of 0.38%.

Transcontinental Realty Investors Stock Performance

Shares of NYSE:TCI traded up $1.29 during midday trading on Thursday, reaching $29.47. 996 shares of the company’s stock traded hands, compared to its average volume of 4,004. Transcontinental Realty Investors has a one year low of $25.50 and a one year high of $39.75. The company has a market cap of $254.55 million, a price-to-earnings ratio of 79.64 and a beta of 0.52. The stock has a 50 day moving average of $28.02 and a 200 day moving average of $28.28.

Insider Buying and Selling

In related news, major shareholder Realty Invest Transcontinental bought 21,678 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average price of $18.00 per share, for a total transaction of $390,204.00. Following the completion of the acquisition, the insider now owns 3,403,248 shares of the company’s stock, valued at $61,258,464. This trade represents a 0.64 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 86.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Transcontinental Realty Investors in a report on Thursday, March 13th. They issued a “sell” rating for the company.

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.