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

StockNews.com started coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a report published on Saturday morning. The brokerage issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Performance

Shares of TCI stock opened at $28.37 on Friday. The company has a market capitalization of $245.09 million, a P/E ratio of 76.68 and a beta of 0.52. Transcontinental Realty Investors has a 52 week low of $25.50 and a 52 week high of $37.51. The company’s 50 day moving average price is $28.15 and its two-hundred day moving average price is $28.28.

Transcontinental Realty Investors (NYSE:TCI) last issued its quarterly earnings results on Thursday, March 20th. The real estate investment trust reported $0.01 earnings per share for the quarter. The company had revenue of $11.79 million during the quarter. Transcontinental Realty Investors had a net margin of 6.55% and a return on equity of 0.38%.

Insider Activity at Transcontinental Realty Investors

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental purchased 21,678 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were bought at an average price of $18.00 per share, for a total transaction of $390,204.00. Following the purchase, the insider now owns 3,403,248 shares in the company, valued at approximately $61,258,464. This trade represents a 0.64 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 86.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Transcontinental Realty Investors

Several hedge funds and other institutional investors have recently made changes to their positions in TCI. BNP Paribas Financial Markets increased its holdings in Transcontinental Realty Investors by 1,073.0% in the third 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 during the period. Barclays PLC grew its position in shares of 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 buying an additional 1,176 shares during the last quarter. TCW Group Inc. increased its stake 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 valued at $1,968,000 after buying an additional 382 shares during the period. Finally, JPMorgan Chase & Co. raised its position 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 acquiring an additional 1,505 shares during the last quarter.

About Transcontinental Realty Investors

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.