Transcontinental Realty Investors, Inc. (NYSE:TCI) Major Shareholder Realty Invest Transcontinental Buys 21,678 Shares

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental purchased 21,678 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average cost of $18.00 per share, with a total value of $390,204.00. Following the completion of the transaction, the insider now directly owns 3,403,248 shares in the company, valued at $61,258,464. The trade was a 0.64 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Transcontinental Realty Investors Stock Performance

Shares of TCI stock opened at $26.94 on Thursday. The company has a market capitalization of $232.76 million, a price-to-earnings ratio of 72.81 and a beta of 0.52. Transcontinental Realty Investors, Inc. has a 52-week low of $25.50 and a 52-week high of $41.34. The company has a 50-day simple moving average of $28.51 and a two-hundred day simple moving average of $28.65.

Transcontinental Realty Investors (NYSE:TCI) last released its earnings results on Thursday, November 7th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter. The company had revenue of $11.61 million during the quarter. Transcontinental Realty Investors had a return on equity of 0.38% and a net margin of 6.55%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. TCW Group Inc. raised its stake in shares of Transcontinental Realty Investors by 5.3% during the 4th quarter. TCW Group Inc. now owns 71,987 shares of the real estate investment trust’s stock worth $2,146,000 after purchasing an additional 3,618 shares during the period. Renaissance Technologies LLC purchased a new stake in Transcontinental Realty Investors during the second quarter worth about $219,000. BNP Paribas Financial Markets increased its holdings in Transcontinental Realty Investors by 1,073.0% during the third quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock worth $87,000 after buying an additional 2,779 shares during the last quarter. JPMorgan Chase & Co. raised its position in 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 acquiring an additional 1,505 shares during the period. Finally, Barclays PLC boosted its stake in 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 valued at $47,000 after acquiring an additional 1,176 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Transcontinental Realty Investors in a research note on Saturday, February 1st. They issued a “sell” rating for the company.

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.