Transcontinental Realty Investors (NYSE:TCI - Get Free Report) issued its earnings results on Thursday. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $11.79 million for the quarter. Transcontinental Realty Investors had a net margin of 6.55% and a return on equity of 0.38%.
Transcontinental Realty Investors Stock Performance
NYSE:TCI traded up $0.50 during mid-day trading on Monday, hitting $28.50. 493 shares of the company's stock traded hands, compared to its average volume of 3,977. Transcontinental Realty Investors has a twelve month low of $25.50 and a twelve month high of $38.10. The company has a market capitalization of $246.21 million, a P/E ratio of 77.03 and a beta of 0.52. The company has a fifty day moving average of $28.06 and a 200 day moving average of $28.27.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of Transcontinental Realty Investors in a research note on Friday. They set a "sell" rating on the stock.
Read Our Latest Stock Report on TCI
Insider Activity
In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental acquired 21,678 shares of the firm's stock in a transaction on Wednesday, January 29th. The stock was acquired at an average cost of $18.00 per share, for a total transaction of $390,204.00. Following the purchase, the insider now owns 3,403,248 shares in the company, valued at approximately $61,258,464. The trade was a 0.64 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 86.20% of the company's stock.
About Transcontinental Realty Investors
(
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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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