Transcontinental Realty Investors (NYSE:TCI) Major Shareholder Realty Invest Transcontinental Acquires 1,700 Shares

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental acquired 1,700 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average cost of $17.89 per share, with a total value of $30,413.00. Following the completion of the purchase, the insider owned 3,449,104 shares of the company’s stock, valued at $61,704,470.56. This trade represents a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, May 21st, Realty Invest Transcontinental acquired 2,002 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.95 per share, with a total value of $35,935.90.
• On Wednesday, May 20th, Realty Invest Transcontinental acquired 351 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.77 per share, with a total value of $6,237.27.
• On Friday, May 8th, Realty Invest Transcontinental acquired 2 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.75 per share, with a total value of $35.50.
• On Thursday, May 7th, Realty Invest Transcontinental acquired 1,520 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.86 per share, with a total value of $27,147.20.
• On Tuesday, May 5th, Realty Invest Transcontinental acquired 3,000 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.94 per share, with a total value of $53,820.00.
• On Monday, March 30th, Realty Invest Transcontinental acquired 2 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.75 per share, with a total value of $35.50.
• On Friday, March 27th, Realty Invest Transcontinental acquired 40 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.75 per share, with a total value of $710.00.

Transcontinental Realty Investors Price Performance

NYSE:TCI opened at $36.31 on Friday. Transcontinental Realty Investors, Inc. has a 1-year low of $31.48 and a 1-year high of $59.65. The company has a 50-day moving average of $36.98 and a 200 day moving average of $44.21. The firm has a market cap of $313.72 million, a PE ratio of 33.31 and a beta of 0.54.

Transcontinental Realty Investors (NYSE:TCI) last released its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.02 earnings per share for the quarter. Transcontinental Realty Investors had a net margin of 18.94% and a negative return on equity of 0.02%. The company had revenue of $12.34 million during the quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TCI. Weiss Ratings lowered shares of Transcontinental Realty Investors from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Wall Street Zen raised shares of Transcontinental Realty Investors to a “sell” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Trading of Transcontinental Realty Investors

Several hedge funds have recently modified their holdings of TCI. Russell Investments Group Ltd. lifted its position in shares of Transcontinental Realty Investors by 1,664.3% during the third quarter. Russell Investments Group Ltd. now owns 13,038 shares of the real estate investment trust’s stock valued at $601,000 after buying an additional 12,299 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Transcontinental Realty Investors by 33.1% during the second quarter. Geode Capital Management LLC now owns 35,728 shares of the real estate investment trust’s stock valued at $1,523,000 after buying an additional 8,883 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Transcontinental Realty Investors during the third quarter valued at about $228,000. Goldman Sachs Group Inc. purchased a new stake in shares of Transcontinental Realty Investors during the fourth quarter valued at about $270,000. Finally, RBF Capital LLC purchased a new stake in shares of Transcontinental Realty Investors during the fourth quarter valued at about $214,000.

About Transcontinental Realty Investors

Transcontinental Realty Investors, Inc is a publicly traded real estate investment company listed on the NYSE under the ticker TCI. The company specializes in the acquisition, ownership and operation of neighborhood and community shopping centers. Its core focus is on open‐air retail properties anchored by grocery stores, pharmacies and national discount retailers, providing stable tenant demand and long‐term lease structures.

The firm’s portfolio comprises a diversified collection of retail shopping centers located primarily in the Midwest and Southern regions of the United States.