Transcontinental Realty Investors, Inc. (NYSE:TCI) Shares Purchased by TCW Group Inc.

TCW Group Inc. raised its position in Transcontinental Realty Investors, Inc. (NYSE:TCI) by 5.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 71,987 shares of the real estate investment trust’s stock after purchasing an additional 3,618 shares during the period. TCW Group Inc. owned 0.83% of Transcontinental Realty Investors worth $2,146,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TCI. Barclays PLC lifted its holdings in 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 purchasing an additional 1,176 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Transcontinental Realty Investors by 182.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,505 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Transcontinental Realty Investors by 1,073.0% in 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 purchasing an additional 2,779 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Transcontinental Realty Investors in a report on Tuesday. They issued a “sell” rating on the stock.

Insider Transactions at Transcontinental Realty Investors

In related news, major shareholder Realty Invest Transcontinental purchased 21,678 shares of Transcontinental Realty Investors stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average price of $18.00 per share, for a total transaction of $390,204.00. Following the acquisition, the insider now directly owns 3,403,248 shares in the company, valued at approximately $61,258,464. The trade was a 0.64 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 86.20% of the company’s stock.

Transcontinental Realty Investors Stock Up 2.2 %

NYSE TCI opened at $28.45 on Tuesday. Transcontinental Realty Investors, Inc. has a 52 week low of $25.50 and a 52 week high of $41.34. The business’s fifty day simple moving average is $28.19 and its 200-day simple moving average is $28.38. The firm has a market cap of $245.78 million, a PE ratio of 76.89 and a beta of 0.52.

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.