Transcontinental Realty Investors, Inc. (NYSE:TCI – Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.07 and traded as high as $46.12. Transcontinental Realty Investors shares last traded at $44.37, with a volume of 2,472 shares changing hands.
Analyst Upgrades and Downgrades
TCI has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Transcontinental Realty Investors to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded shares of Transcontinental Realty Investors from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.
Get Our Latest Stock Report on Transcontinental Realty Investors
Transcontinental Realty Investors Price Performance
Transcontinental Realty Investors (NYSE:TCI – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.02 earnings per share for the quarter. Transcontinental Realty Investors had a negative return on equity of 0.02% and a net margin of 18.94%.The business had revenue of $12.34 million for the quarter.
Insiders Place Their Bets
In other news, major shareholder Realty Invest Transcontinental bought 1,500 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was acquired at an average price of $17.75 per share, with a total value of $26,625.00. Following the completion of the purchase, the insider directly owned 3,460,847 shares in the company, valued at $61,430,034.25. This represents a 0.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders purchased 21,619 shares of company stock valued at $385,150. Insiders own 86.20% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. RBF Capital LLC purchased a new stake in shares of Transcontinental Realty Investors in the 4th quarter valued at $214,000. Barclays PLC lifted its stake in Transcontinental Realty Investors by 10.5% in the fourth quarter. Barclays PLC now owns 2,960 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 282 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Transcontinental Realty Investors by 26.3% in the fourth quarter. Wells Fargo & Company MN now owns 2,215 shares of the real estate investment trust’s stock worth $130,000 after purchasing an additional 461 shares during the last quarter. Empowered Funds LLC purchased a new stake in Transcontinental Realty Investors during the fourth quarter valued at about $82,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Transcontinental Realty Investors during the fourth quarter valued at about $270,000.
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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