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 Transcontinental Realty Investors stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average price of $18.00 per share, with a total value of $390,204.00. Following the transaction, the insider now owns 3,403,248 shares in the company, valued at $61,258,464. The trade was a 0.64 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Transcontinental Realty Investors Stock Performance

NYSE TCI traded up $0.18 during trading hours on Tuesday, reaching $26.66. The company’s stock had a trading volume of 1,408 shares, compared to its average volume of 3,493. The stock has a market cap of $230.34 million, a PE ratio of 72.06 and a beta of 0.52. Transcontinental Realty Investors, Inc. has a fifty-two week low of $25.50 and a fifty-two week high of $41.34. The company’s 50-day moving average is $28.59 and its two-hundred day moving average is $28.68.

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 for 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

A number of hedge funds have recently added to or reduced their stakes in TCI. Barclays PLC grew its stake in Transcontinental Realty Investors by 261.9% during 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Transcontinental Realty Investors by 182.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 1,505 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Transcontinental Realty Investors by 1,073.0% during the 3rd 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 during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Transcontinental Realty Investors during the 2nd quarter valued at about $219,000. Finally, TCW Group Inc. lifted its holdings in Transcontinental Realty Investors by 0.6% in the 3rd quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock worth $1,968,000 after purchasing an additional 382 shares during the last quarter.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Transcontinental Realty Investors in a research report on Saturday. They set 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.