Insider Buying: Transcontinental Realty Investors, Inc. (NYSE:TCI) Major Shareholder Buys 1,700 Shares of Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental purchased 1,700 shares of the company’s stock in a transaction dated Monday, March 31st. The shares were acquired at an average cost of $17.48 per share, for a total transaction of $29,716.00. Following the transaction, the insider now owns 3,415,928 shares of the company’s stock, valued at $59,710,421.44. This trade represents a 0.05 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 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 Thursday, March 27th, Realty Invest Transcontinental bought 2,000 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.49 per share, with a total value of $34,980.00.
• On Monday, March 24th, Realty Invest Transcontinental bought 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 purchased 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 Wednesday, March 12th, Realty Invest Transcontinental bought 3,500 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.65 per share, for a total transaction of $61,775.00.
• On Monday, March 10th, Realty Invest Transcontinental purchased 1,500 shares of Transcontinental Realty Investors stock. The shares were acquired at an average cost of $17.62 per share, with a total value of $26,430.00.
• On Wednesday, January 29th, Realty Invest Transcontinental acquired 21,678 shares of Transcontinental Realty Investors stock. The shares were purchased at an average price of $18.00 per share, with a total value of $390,204.00.

Transcontinental Realty Investors Price Performance

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

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 (EPS) for the quarter. The company had revenue of $11.79 million for the quarter. Transcontinental Realty Investors had a return on equity of 0.38% and a net margin of 6.55%.

Analysts Set New Price Targets

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

Institutional Trading of Transcontinental Realty Investors

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC raised its position in Transcontinental Realty Investors by 261.9% in the third 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. boosted its stake 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 purchasing an additional 1,505 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Transcontinental Realty Investors by 1,073.0% during 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. Finally, TCW Group Inc. grew its stake in Transcontinental Realty Investors by 0.6% during the third 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 period.

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.