Realty Invest Transcontinental Acquires 21,678 Shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental bought 21,678 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average cost of $18.00 per share, with a total value 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. This trade represents a 0.64 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Transcontinental Realty Investors Trading Up 0.4 %

NYSE:TCI opened at $26.94 on Thursday. Transcontinental Realty Investors, Inc. has a 12 month low of $25.50 and a 12 month high of $41.34. The stock has a market capitalization of $232.76 million, a price-to-earnings ratio of 72.81 and a beta of 0.52. The firm has a fifty day simple moving average of $28.51 and a two-hundred day simple moving average of $28.65.

Transcontinental Realty Investors (NYSE:TCI) last issued its earnings results on Thursday, November 7th. The real estate investment trust reported $0.20 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 $11.61 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Transcontinental Realty Investors by 261.9% in the 3rd 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in Transcontinental Realty Investors by 182.6% during 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 during the last quarter. BNP Paribas Financial Markets lifted 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 valued at $87,000 after buying an additional 2,779 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Transcontinental Realty Investors during the second quarter valued at about $219,000. Finally, TCW Group Inc. increased its position in shares of Transcontinental Realty Investors by 0.6% during the third quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock worth $1,968,000 after acquiring an additional 382 shares in the last quarter.

Analyst Ratings Changes

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

Transcontinental Realty Investors Company Profile

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.