Transcontinental Realty Investors (NYSE:TCI – Get Free Report) posted its quarterly earnings data on Thursday. The real estate investment trust reported $0.01 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 Up 4.6 %
Shares of NYSE:TCI traded up $1.29 on Thursday, hitting $29.47. 996 shares of the company traded hands, compared to its average volume of 4,004. The stock has a 50 day simple moving average of $28.02 and a 200-day simple moving average of $28.28. The company has a market cap of $254.55 million, a PE ratio of 79.64 and a beta of 0.52. Transcontinental Realty Investors has a 52 week low of $25.50 and a 52 week high of $39.75.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on Transcontinental Realty Investors in a research report on Thursday, March 13th. They issued a “sell” rating on the stock.
Insider Buying and Selling
In other news, major shareholder Realty Invest Transcontinental purchased 21,678 shares of Transcontinental Realty Investors stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average price of $18.00 per share, with a total value of $390,204.00. Following the completion of the transaction, the insider now directly owns 3,403,248 shares of the company’s stock, valued at approximately $61,258,464. The trade was a 0.64 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 86.20% of the stock is currently owned by company insiders.
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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