Transcontinental Realty Investors Inc (NYSE:TCI) Plays On Volumes


Dallas, Texas 11/08/2013 (Financialstrend) – Transcontinental Realty Investors Inc (NYSE:TCI) is one of the leading real estate investment companies with core property development activities. Though there are several companies in the real estate industry which typically operate as marketers and commission-agents selling products and service developed by other companies, TCI is a market leader, owning and operating several income-generating projects.

With a wide-spread presence in various property segments, TCI is known for some of the better known commercial and residential properties, especially in suburban segments. It also has deep industry expertise in handling commercial spaces and properties such as office buildings, commercial complexes as well as different types of urban complexes. It also handles high-profile residential spaces such as community places, apartments as well.

TCI is known to operate in areas where land is easy to acquire, especially ‘in-fill locations’ as well as suburbs where high –growth is expected.

The company owns both property for development as well as built housing and commercial properties for sale. As of 2011, the company is known to hold 9,317 units across 50 apartments, used exclusively for residential purposes. It also owns nearly 4, 720 acres to be used for development in the near future.

Incidentally, the company is held by another realty major- American Realty Investors, Inc,(NYSE:ARL) – through various other subsidiaries. ARL currently owns nearly 82.69% till date.

On the market front, as of Nov 7, Transcontinental Realty has a volume average  of 500/790, and has a market cap of 74.27 million. Though running in the negative on its EPS -1.64, the company has had large volume trades in the past few weeks. Closing the day, 0.25% lesser at $8.83, TCI is expected to perform better than competing realty outfits, namely ARL, NTS Realty Holdings and others.

TCI has been one of the leading real estate companies that have showed steady positive movement on the market front, despite a few slips in between.