Transcontinental Realty Investors (NYSE:TCI) Sets New 1-Year High - Should You Buy?

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report)'s stock price reached a new 52-week high during trading on Saturday . The company traded as high as $58.15 and last traded at $57.6450, with a volume of 15327 shares trading hands. The stock had previously closed at $55.54.Analyst Upgrades and DowngradesSeparately, Weiss Ratings reissued a "hold (c-)" rating on shares of Transcontinental Realty Investors in a research report on Monday, December 15th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold".View Our Latest Report on Transcontinental Realty InvestorsTranscontinental Realty Investors Price PerformanceThe company has a 50 day simple moving average of $46.10 and a 200-day simple moving average of $44.66. The stock has a market cap of $498.05 million, a P/E ratio of 90.07 and a beta of 0.45. Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.08 EPS for the quarter. The company had revenue of $12.84 million during the quarter. Transcontinental Realty Investors had a net margin of 11.52% and a return on equity of 0.30%. Institutional Investors Weigh In On Transcontinental Realty InvestorsHedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its holdings in shares of Transcontinental Realty Investors by 85.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 739 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 341 shares in the last quarter. MAI Capital Management purchased a new position in Transcontinental Realty Investors in the third quarter worth $42,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Transcontinental Realty Investors by 43.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,032 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 315 shares in the last quarter. Bank of America Corp DE increased its position in shares of Transcontinental Realty Investors by 47.9% during the second quarter. Bank of America Corp DE now owns 1,310 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 424 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Transcontinental Realty Investors during the 2nd quarter valued at $68,000. About Transcontinental Realty Investors (Get Free Report)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.Featured StoriesFive stocks we like better than Transcontinental Realty InvestorsManufacturing Stocks InvestingThese 3 Banks Are Rallying Into Year-End, But Will It Continue?How to Start Investing in Real Estate3 Surging Stocks Just Got the Ultimate Stamp of Approval From the S&P 5003 Best Fintech Stocks for a Portfolio BoostThis ETF Caught a Major Tailwind After the Fed’s Rate CutThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Transcontinental Realty Investors Right Now?Before you consider Transcontinental Realty Investors, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Transcontinental Realty Investors wasn't on the list.While Transcontinental Realty Investors currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here