StockNews.com Begins Coverage on Transcontinental Realty Investors (NYSE:TCI)

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

Transcontinental Realty Investors Stock Down 1.3 %

TCI stock opened at $28.60 on Monday. The company has a market cap of $247.10 million, a price-to-earnings ratio of 77.30 and a beta of 0.52. The business has a fifty day simple moving average of $28.18 and a 200-day simple moving average of $28.40. Transcontinental Realty Investors has a 52 week low of $25.50 and a 52 week high of $41.34.

Insiders Place Their Bets

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental purchased 21,678 shares of Transcontinental Realty Investors stock in a transaction on Wednesday, January 29th. The shares were purchased at an average cost of $18.00 per share, with a total value of $390,204.00. Following the completion of the transaction, the insider now directly owns 3,403,248 shares in the company, valued at approximately $61,258,464. This represents a 0.64 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 86.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Transcontinental Realty Investors

Several large investors have recently made changes to their positions in TCI. Barclays PLC boosted its position 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 worth $47,000 after purchasing an additional 1,176 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of 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 purchasing an additional 1,505 shares in the last quarter. BNP Paribas Financial Markets lifted its stake 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 worth $87,000 after purchasing an additional 2,779 shares in the last quarter. Finally, TCW Group Inc. boosted its position in shares of 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 worth $1,968,000 after buying an additional 382 shares during the period.

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.