Transcontinental Realty Investors (NYSE:TCI) Coverage Initiated by Analysts at StockNews.com

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

Transcontinental Realty Investors Trading Up 8.8 %

Shares of TCI opened at $28.90 on Monday. The company has a market capitalization of $249.65 million, a price-to-earnings ratio of 78.09 and a beta of 0.52. The stock has a 50 day moving average of $28.16 and a 200 day moving average of $28.40. Transcontinental Realty Investors has a 12 month low of $25.50 and a 12 month high of $41.34.

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 that occurred on Wednesday, January 29th. The stock was bought at an average cost of $18.00 per share, with a total value of $390,204.00. Following the completion of the transaction, the insider now owns 3,403,248 shares of the company’s stock, valued at $61,258,464. The trade was a 0.64 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 86.20% of the stock is currently owned by company insiders.

Institutional Trading of Transcontinental Realty Investors

A number of large investors have recently bought and sold shares of TCI. BNP Paribas Financial Markets increased its position 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 worth $87,000 after buying an additional 2,779 shares during the last quarter. Barclays PLC increased 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 worth $47,000 after buying an additional 1,176 shares during the last quarter. TCW Group Inc. increased its position in 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 worth $1,968,000 after buying an additional 382 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Transcontinental Realty Investors by 182.6% in 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.

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.