Transcontinental Realty Investors, Inc. (NYSE:TCI) Major Shareholder Acquires $26,430.00 in Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental bought 1,500 shares of Transcontinental Realty Investors stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $17.62 per share, with a total value of $26,430.00. Following the acquisition, the insider now directly owns 3,404,748 shares of the company’s stock, valued at approximately $59,991,659.76. The trade was a 0.04 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Realty Invest Transcontinental also recently made the following trade(s):

• On Monday, March 31st, Realty Invest Transcontinental purchased 1,700 shares of Transcontinental Realty Investors stock. The shares were purchased at an average price of $17.48 per share, with a total value of $29,716.00.
• On Thursday, March 27th, Realty Invest Transcontinental bought 2,000 shares of Transcontinental Realty Investors stock. The shares were acquired at an average cost of $17.49 per share, for a total transaction of $34,980.00.
• On Monday, March 24th, Realty Invest Transcontinental bought 2,000 shares of Transcontinental Realty Investors stock. The stock was acquired at an average price of $17.60 per share, with a total value of $35,200.00.
• On Friday, March 21st, Realty Invest Transcontinental purchased 480 shares of Transcontinental Realty Investors stock. The shares were acquired at an average price of $17.48 per share, for a total transaction of $8,390.40.
• On Wednesday, March 12th, Realty Invest Transcontinental acquired 3,500 shares of Transcontinental Realty Investors stock. The stock was acquired at an average price of $17.65 per share, with a total value of $61,775.00.
• On Wednesday, January 29th, Realty Invest Transcontinental bought 21,678 shares of Transcontinental Realty Investors stock. The shares were bought at an average price of $18.00 per share, for a total transaction of $390,204.00.

Transcontinental Realty Investors Trading Up 1.2 %

Shares of TCI stock opened at $28.53 on Tuesday. Transcontinental Realty Investors, Inc. has a twelve month low of $25.50 and a twelve month high of $36.30. The stock has a market cap of $246.47 million, a price-to-earnings ratio of 77.11 and a beta of 0.24. The company’s 50-day moving average price is $28.11 and its 200-day moving average price is $28.29.

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

Institutional Investors Weigh In On Transcontinental Realty Investors

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. TCW Group Inc. grew its holdings 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. JPMorgan Chase & Co. boosted its stake in Transcontinental Realty Investors by 99.6% during the fourth quarter. JPMorgan Chase & Co. now owns 4,648 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 2,319 shares during the period. BNP Paribas Financial Markets increased its position in shares of 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 valued at $87,000 after acquiring an additional 2,779 shares during the last quarter. Finally, Barclays PLC raised its stake 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 valued at $47,000 after acquiring an additional 1,176 shares during the period.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Transcontinental Realty Investors in a research report on Sunday. They set a “sell” rating on the stock.

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.