Transcontinental Realty Investors, Inc. (NYSE:TCI) Major Shareholder Acquires $61,775.00 in Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental acquired 3,500 shares of the stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $17.65 per share, for a total transaction of $61,775.00. Following the completion of the transaction, the insider now owns 3,408,248 shares of the company’s stock, valued at $60,155,577.20. This trade represents a 0.10 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% 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 Monday, March 31st, Realty Invest Transcontinental purchased 1,700 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.48 per share, for a total transaction of $29,716.00.
• On Thursday, March 27th, Realty Invest Transcontinental acquired 2,000 shares of Transcontinental Realty Investors stock. The shares were acquired at an average cost of $17.49 per share, with a total value of $34,980.00.
• On Monday, March 24th, Realty Invest Transcontinental purchased 2,000 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.60 per share, with a total value of $35,200.00.
• On Friday, March 21st, Realty Invest Transcontinental acquired 480 shares of Transcontinental Realty Investors stock. The shares were bought at an average cost of $17.48 per share, for a total transaction of $8,390.40.
• On Monday, March 10th, Realty Invest Transcontinental bought 1,500 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.62 per share, with a total value of $26,430.00.
• On Wednesday, January 29th, Realty Invest Transcontinental purchased 21,678 shares of Transcontinental Realty Investors stock. The stock was bought at an average price of $18.00 per share, for a total transaction of $390,204.00.

Transcontinental Realty Investors Stock Performance

Transcontinental Realty Investors stock traded up $0.34 during trading hours on Monday, hitting $28.53. 2,734 shares of the stock were exchanged, compared to its average volume of 2,759. Transcontinental Realty Investors, Inc. has a 12 month low of $25.50 and a 12 month high of $36.30. The business’s 50-day moving average is $28.12 and its two-hundred day moving average is $28.29. The stock has a market capitalization of $246.47 million, a P/E ratio of 77.11 and a beta of 0.24.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Barclays PLC boosted its stake 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 purchasing an additional 1,176 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Transcontinental Realty Investors by 182.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 1,505 shares during the last quarter. BNP Paribas Financial Markets lifted its stake 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 purchasing an additional 2,779 shares during the period. Finally, TCW Group Inc. boosted its position in shares of Transcontinental Realty Investors by 0.6% in the 3rd quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock worth $1,968,000 after purchasing an additional 382 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Transcontinental Realty Investors in a research note on Sunday. They issued a “sell” rating on the stock.

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.