Transcontinental Realty Investors (NYSE:TCI) Now Covered by Analysts at StockNews.com

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

Transcontinental Realty Investors Stock Performance

Shares of Transcontinental Realty Investors stock opened at $28.86 on Thursday. The business has a 50-day simple moving average of $28.07 and a 200-day simple moving average of $28.33. The company has a market cap of $249.32 million, a PE ratio of 78.00 and a beta of 0.52. Transcontinental Realty Investors has a one year low of $25.50 and a one year high of $41.34.

Insider Buying and Selling

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental purchased 21,678 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was bought at an average cost of $18.00 per share, with a total value of $390,204.00. Following the acquisition, the insider now directly owns 3,403,248 shares of the company’s stock, valued at approximately $61,258,464. This represents a 0.64 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 86.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TCI. TCW Group Inc. boosted its holdings in 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 valued at $1,968,000 after purchasing an additional 382 shares in the last quarter. Barclays PLC lifted its position in shares of 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 buying an additional 1,176 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of 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 buying an additional 1,505 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of 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 buying an additional 2,779 shares during the last quarter.

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.