Transcontinental Realty Investors (NYSE:TCI) Downgraded by StockNews.com

Transcontinental Realty Investors (NYSE:TCIGet Free Report) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday.

Transcontinental Realty Investors Price Performance

Shares of NYSE:TCI traded down $0.29 during trading hours on Thursday, hitting $28.60. 2,579 shares of the company’s stock traded hands, compared to its average volume of 5,704. Transcontinental Realty Investors has a 1 year low of $27.19 and a 1 year high of $43.40. The business has a fifty day moving average price of $30.86 and a 200-day moving average price of $34.71. The firm has a market capitalization of $247.10 million, a P/E ratio of 49.31 and a beta of 0.54.

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

Institutional Trading of Transcontinental Realty Investors

An institutional investor recently raised its position in Transcontinental Realty Investors stock. Russell Investments Group Ltd. increased its holdings in Transcontinental Realty Investors, Inc. (NYSE:TCIFree Report) by 340.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,821 shares of the real estate investment trust’s stock after buying an additional 70,189 shares during the period. Russell Investments Group Ltd.’s holdings in Transcontinental Realty Investors were worth $3,419,000 as of its most recent filing with the Securities & Exchange Commission.

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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