Transcontinental Realty Investors (NYSE:TCI) Earns Sell Rating from Analysts at StockNews.com

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

Transcontinental Realty Investors Price Performance

Shares of TCI stock opened at $27.96 on Friday. Transcontinental Realty Investors has a 1 year low of $25.50 and a 1 year high of $38.10. The company’s fifty day simple moving average is $28.06 and its two-hundred day simple moving average is $28.27. The stock 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 (NYSE:TCI) last released its quarterly earnings data on Thursday, March 20th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter. Transcontinental Realty Investors had a return on equity of 0.38% and a net margin of 6.55%. The company had revenue of $11.79 million for the quarter.

Insider Activity

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC lifted its position in Transcontinental Realty Investors by 261.9% during the third quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 1,176 shares during the last quarter. BNP Paribas Financial Markets lifted its stake 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 purchasing an additional 2,779 shares during the last quarter. JPMorgan Chase & Co. boosted its stake 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 buying an additional 1,505 shares in the last quarter. Finally, TCW Group Inc. boosted its stake in shares of Transcontinental Realty Investors by 5.3% in the 4th quarter. TCW Group Inc. now owns 71,987 shares of the real estate investment trust’s stock valued at $2,146,000 after purchasing an additional 3,618 shares in 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.