Corsair Capital Management L.P. Acquires New Stake in Transcontinental Realty Investors, Inc. (NYSE:TCI)

Corsair Capital Management L.P. acquired a new stake in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) in the first quarter, HoldingsChannel.com reports. The firm acquired 5,165 shares of the real estate investment trust’s stock, valued at approximately $219,000.

A number of other hedge funds also recently bought and sold shares of the company. Barclays PLC increased its position in Transcontinental Realty Investors by 96.8% during the first quarter. Barclays PLC now owns 667 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 328 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Transcontinental Realty Investors by 104.3% in the third quarter. Tower Research Capital LLC TRC now owns 756 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 386 shares in the last quarter. BNP Paribas Arbitrage SNC increased its position in Transcontinental Realty Investors by 16.8% in the first quarter. BNP Paribas Arbitrage SNC now owns 2,862 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 412 shares in the last quarter. JPMorgan Chase & Co. increased its position in Transcontinental Realty Investors by 1,822.9% in the second quarter. JPMorgan Chase & Co. now owns 673 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 638 shares in the last quarter. Finally, State Street Corp increased its position in Transcontinental Realty Investors by 11.0% in the third quarter. State Street Corp now owns 10,726 shares of the real estate investment trust’s stock worth $433,000 after buying an additional 1,067 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Transcontinental Realty Investors in a research report on Thursday, August 17th. They issued a “hold” rating for the company.

Transcontinental Realty Investors Stock Performance

Shares of TCI opened at $33.00 on Friday. The business has a 50-day simple moving average of $34.84 and a two-hundred day simple moving average of $37.66. Transcontinental Realty Investors, Inc. has a 52 week low of $32.23 and a 52 week high of $47.35.

Transcontinental Realty Investors (NYSE:TCI) last issued its quarterly earnings results on Thursday, August 10th. The real estate investment trust reported $0.06 EPS for the quarter. The business had revenue of $12.24 million during the quarter. Transcontinental Realty Investors had a return on equity of 53.31% and a net margin of 980.11%.

Transcontinental Realty Investors Profile

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.