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

StockNews.com initiated coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research report report published on Friday. The brokerage issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Price Performance

Shares of NYSE:TCI opened at $27.96 on Friday. The company’s fifty day moving average price is $28.06 and its 200-day moving average price is $28.27. The firm has a market capitalization of $241.50 million, a price-to-earnings ratio of 75.55 and a beta of 0.52. Transcontinental Realty Investors has a one year low of $25.50 and a one year high of $39.50.

Transcontinental Realty Investors (NYSE:TCI) last released its earnings results on Thursday, March 20th. The real estate investment trust reported $0.01 EPS for the quarter. Transcontinental Realty Investors had a return on equity of 0.38% and a net margin of 6.55%. The business had revenue of $11.79 million for the quarter.

Insider Activity at Transcontinental Realty Investors

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental bought 21,678 shares of Transcontinental Realty Investors stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average price of $18.00 per share, with a total value of $390,204.00. Following the acquisition, the insider now owns 3,403,248 shares in the company, valued at approximately $61,258,464. This trade represents a 0.64 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 86.20% of the stock is currently owned by insiders.

Institutional Trading of Transcontinental Realty Investors

Several hedge funds have recently added to or reduced their stakes in the business. TCW Group Inc. increased its holdings 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 buying an additional 382 shares during the period. Barclays PLC grew its position in Transcontinental Realty Investors by 261.9% during the 3rd quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 1,176 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Transcontinental Realty Investors by 182.6% in the 3rd 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 period. Finally, BNP Paribas Financial Markets lifted its position in 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 valued at $87,000 after purchasing an additional 2,779 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.