StockNews.com Begins Coverage on Transcontinental Realty Investors (NYSE:TCI)

Research analysts at StockNews.com began coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research report issued to clients and investors on Monday. The firm set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Up 0.4 %

Shares of TCI opened at $28.23 on Monday. The stock has a market cap of $243.84 million, a PE ratio of 76.28 and a beta of 0.24. Transcontinental Realty Investors has a 12-month low of $25.50 and a 12-month high of $34.09. The business has a 50-day simple moving average of $28.29 and a two-hundred day simple moving average of $28.29.

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

Insider Transactions at Transcontinental Realty Investors

In related news, major shareholder Realty Invest Transcontinental acquired 21,678 shares of the stock in a transaction dated Wednesday, January 29th. The stock was bought at an average cost of $18.00 per share, for a total transaction of $390,204.00. Following the completion of the transaction, the insider now directly owns 3,403,248 shares of the company’s stock, valued at $61,258,464. The trade was a 0.64 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have acquired 32,858 shares of company stock worth $586,695. Company insiders own 86.20% of the company’s stock.

Institutional Trading of Transcontinental Realty Investors

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC lifted 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 worth $47,000 after purchasing an additional 1,176 shares during the period. JPMorgan Chase & Co. raised its stake in 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 buying an additional 1,505 shares during the last quarter. BNP Paribas Financial Markets lifted 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 buying an additional 2,779 shares during the period. Finally, TCW Group Inc. boosted its position in Transcontinental Realty Investors by 5.3% during the fourth quarter. TCW Group Inc. now owns 71,987 shares of the real estate investment trust’s stock valued at $2,146,000 after acquiring an additional 3,618 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.