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

Analysts at StockNews.com initiated coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a note issued to investors on Tuesday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Trading Up 1.1 %

NYSE:TCI opened at $29.22 on Tuesday. The stock has a 50 day moving average of $28.17 and a 200-day moving average of $28.39. The firm has a market capitalization of $252.39 million, a PE ratio of 78.96 and a beta of 0.52. Transcontinental Realty Investors has a 52 week low of $25.50 and a 52 week high of $41.34.

Insiders Place Their Bets

In other news, major shareholder Realty Invest Transcontinental acquired 21,678 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average price 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 in the company, valued at approximately $61,258,464. The trade was a 0.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 86.20% of the stock is owned by corporate insiders.

Institutional Trading of Transcontinental Realty Investors

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of Transcontinental Realty Investors by 99.6% in the 4th quarter. JPMorgan Chase & Co. now owns 4,648 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 2,319 shares during the period. TCW Group Inc. increased its holdings in shares of Transcontinental Realty Investors by 5.3% in the 4th quarter. TCW Group Inc. now owns 71,987 shares of the real estate investment trust’s stock worth $2,146,000 after acquiring an additional 3,618 shares during the period. Barclays PLC increased its holdings 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 acquiring an additional 1,176 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings 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 worth $87,000 after acquiring an additional 2,779 shares during the period.

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.