Transcontinental Realty Investors (NYSE:TCI) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a report issued on Monday. The firm set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Performance

Shares of NYSE:TCI opened at $28.90 on Monday. The business’s 50 day simple moving average is $28.16 and its two-hundred day simple moving average is $28.40. The firm has a market cap of $249.65 million, a P/E ratio of 78.09 and a beta of 0.52. Transcontinental Realty Investors has a 52-week low of $25.50 and a 52-week high of $41.34.

Insiders Place Their Bets

In other news, major shareholder Realty Invest Transcontinental purchased 21,678 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were acquired at an average price of $18.00 per share, for a total transaction of $390,204.00. Following the completion of the acquisition, the insider now owns 3,403,248 shares in the company, valued at approximately $61,258,464. The trade was a 0.64 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 86.20% of the company’s stock.

Institutional Trading of Transcontinental Realty Investors

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC raised its stake in shares of Transcontinental Realty Investors by 261.9% in the third quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,176 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Transcontinental Realty Investors by 182.6% in the third quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 1,505 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Transcontinental Realty Investors by 1,073.0% in the third quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 2,779 shares during the last quarter. Finally, TCW Group Inc. raised its stake in shares of Transcontinental Realty Investors by 0.6% in the third quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock worth $1,968,000 after purchasing an additional 382 shares during the last quarter.

About Transcontinental Realty Investors

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.