Transcontinental Realty Investors Inc. (TCI) Given “Sector Perform” Rating at Scotiabank
Transcontinental Realty Investors Inc. (NYSE:TCI)‘s stock had its “sector perform” rating restated by stock analysts at Scotiabank in a research note issued to investors on Tuesday. They presently have a $21.00 price objective on the stock. Scotiabank’s price objective suggests a potential upside of 83.25% from the stock’s previous close.
Separately, RBC Capital Markets reaffirmed a “sector perform” rating and issued a $19.00 target price on shares of Transcontinental Realty Investors in a research note on Friday, September 9th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Transcontinental Realty Investors currently has an average rating of “Hold” and an average target price of $19.42.
Shares of Transcontinental Realty Investors (NYSE:TCI) traded down 1.35% on Tuesday, reaching $11.46. 1,200 shares of the company were exchanged. The stock has a 50 day moving average price of $11.45 and a 200-day moving average price of $10.39. Transcontinental Realty Investors has a 12 month low of $8.05 and a 12 month high of $13.44. The stock’s market capitalization is $99.90 million.
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Transcontinental Realty Investors (NYSE:TCI) last issued its earnings results on Thursday, August 11th. The company reported $0.51 earnings per share (EPS) for the quarter. Transcontinental Realty Investors had a negative net margin of 5.85% and a negative return on equity of 3.12%.
About Transcontinental Realty Investors
Transcontinental Realty Investors, Inc is an externally advised and managed real estate investment company that owns a portfolio of income-producing properties and land held for development. The Company’s segments are Commercial Properties, Apartments, Land and Other. Its portfolio of income-producing properties includes residential apartment communities, office buildings and other commercial properties.
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