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

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

Transcontinental Realty Investors Stock Performance

NYSE:TCI opened at $28.67 on Wednesday. The firm has a market cap of $247.71 million, a PE ratio of 77.50 and a beta of 0.52. Transcontinental Realty Investors has a fifty-two week low of $25.50 and a fifty-two week high of $41.34. The business has a 50 day moving average price of $28.20 and a 200-day moving average price of $28.37.

Insider Activity

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental purchased 21,678 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average price of $18.00 per share, with a total value of $390,204.00. Following the completion of 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 position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 86.20% of the company’s stock.

Institutional Trading of Transcontinental Realty Investors

Several large investors have recently added to or reduced their stakes in TCI. Barclays PLC boosted its holdings 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 in the last quarter. JPMorgan Chase & Co. boosted its holdings 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 valued at $67,000 after acquiring an additional 1,505 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings 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 acquiring an additional 2,779 shares in the last quarter. Finally, TCW Group Inc. boosted its holdings in 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 valued at $1,968,000 after acquiring an additional 382 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.