Insider Buying: Transcontinental Realty Investors (NYSE:TCI) Major Shareholder Buys $17,800.00 in Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental purchased 1,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was purchased at an average price of $17.80 per share, for a total transaction of $17,800.00. Following the transaction, the insider directly owned 3,455,735 shares in the company, valued at approximately $61,512,083. This trade represents a 0.03% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, June 23rd, Realty Invest Transcontinental bought 1,300 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $17.88 per share, with a total value of $23,244.00.
• On Monday, June 22nd, Realty Invest Transcontinental bought 1,500 shares of Transcontinental Realty Investors stock. The stock was purchased at an average price of $17.75 per share, for a total transaction of $26,625.00.
• On Thursday, June 18th, Realty Invest Transcontinental purchased 352 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $17.85 per share, for a total transaction of $6,283.20.
• On Tuesday, June 16th, Realty Invest Transcontinental purchased 1,653 shares of Transcontinental Realty Investors stock. The shares were acquired at an average price of $17.76 per share, with a total value of $29,357.28.
• On Monday, June 15th, Realty Invest Transcontinental acquired 1,517 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.81 per share, with a total value of $27,017.77.
• On Friday, June 12th, Realty Invest Transcontinental acquired 91 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.50 per share, for a total transaction of $1,592.50.
• On Tuesday, June 9th, Realty Invest Transcontinental bought 1,000 shares of Transcontinental Realty Investors stock. The stock was acquired at an average price of $17.74 per share, with a total value of $17,740.00.
• On Monday, June 8th, Realty Invest Transcontinental purchased 2,000 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.50 per share, for a total transaction of $35,000.00.
• On Friday, June 5th, Realty Invest Transcontinental purchased 2,474 shares of Transcontinental Realty Investors stock. The shares were acquired at an average price of $17.83 per share, for a total transaction of $44,111.42.
• On Thursday, June 4th, Realty Invest Transcontinental acquired 157 shares of Transcontinental Realty Investors stock. The shares were bought at an average cost of $17.77 per share, with a total value of $2,789.89.

Transcontinental Realty Investors Stock Up 0.9%

Shares of TCI stock opened at $45.89 on Thursday. The firm has a 50 day moving average of $39.33 and a 200-day moving average of $43.34. The company has a market cap of $396.49 million, a price-to-earnings ratio of 42.10 and a beta of 0.49. Transcontinental Realty Investors, Inc. has a 52 week low of $31.48 and a 52 week high of $59.65.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in shares of Transcontinental Realty Investors by 33.1% in 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 in the last quarter. Russell Investments Group Ltd. increased its position in shares of Transcontinental Realty Investors by 85.7% during the second quarter. Russell Investments Group Ltd. now owns 739 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 341 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Transcontinental Realty Investors by 43.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,032 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 315 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Transcontinental Realty Investors in the 2nd quarter worth about $68,000. Finally, Bank of America Corp DE lifted its position in Transcontinental Realty Investors by 47.9% in the 2nd quarter. Bank of America Corp DE now owns 1,310 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 424 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TCI shares. Wall Street Zen raised Transcontinental Realty Investors to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded Transcontinental Realty Investors from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

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.