Transcontinental Realty Investors (NYSE:TCI) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Transcontinental Realty Investors (NYSE:TCIFree Report) from a sell rating to a hold rating in a research report report published on Monday morning.

Transcontinental Realty Investors Trading Down 2.3 %

Shares of TCI opened at $27.69 on Monday. Transcontinental Realty Investors has a fifty-two week low of $27.19 and a fifty-two week high of $43.40. The firm has a 50-day simple moving average of $34.32 and a 200-day simple moving average of $34.97.

Transcontinental Realty Investors (NYSE:TCIGet Free Report) last posted its quarterly earnings data on Thursday, March 21st. The real estate investment trust reported ($0.30) earnings per share for the quarter. The company had revenue of $13.45 million for the quarter. Transcontinental Realty Investors had a return on equity of 0.59% and a net margin of 9.91%.

Institutional Investors Weigh In On Transcontinental Realty Investors

An institutional investor recently bought a new position in Transcontinental Realty Investors stock. Russell Investments Group Ltd. purchased a new stake in shares of Transcontinental Realty Investors, Inc. (NYSE:TCIFree Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 20,632 shares of the real estate investment trust’s stock, valued at approximately $713,000.

Transcontinental Realty Investors Company Profile

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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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