Transcontinental Realty Investors, Inc. (NYSE:TCI) Major Shareholder Realty Invest Transcontinental Purchases 2,000 Shares of Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental purchased 2,000 shares of the company’s stock in a transaction on Monday, March 24th. The shares were purchased at an average price of $17.60 per share, for a total transaction of $35,200.00. Following the purchase, the insider now owns 3,410,728 shares in the company, valued at approximately $60,028,812.80. The trade was a 0.06 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more 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 bought 1,700 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $17.48 per share, with a total value of $29,716.00.
• On Thursday, March 27th, Realty Invest Transcontinental purchased 2,000 shares of Transcontinental Realty Investors stock. The stock was acquired at an average price of $17.49 per share, for a total transaction of $34,980.00.
• On Friday, March 21st, Realty Invest Transcontinental acquired 480 shares of Transcontinental Realty Investors stock. The shares were acquired at an average price of $17.48 per share, with a total value of $8,390.40.
• On Wednesday, March 12th, Realty Invest Transcontinental acquired 3,500 shares of Transcontinental Realty Investors stock. The stock was acquired at an average price 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 stock was acquired at an average cost of $17.62 per share, for a total transaction of $26,430.00.
• On Wednesday, January 29th, Realty Invest Transcontinental acquired 21,678 shares of Transcontinental Realty Investors stock. The shares were bought at an average price of $18.00 per share, with a total value of $390,204.00.

Transcontinental Realty Investors Price Performance

Shares of NYSE TCI opened at $28.53 on Tuesday. The stock has a market capitalization of $246.47 million, a price-to-earnings ratio of 77.11 and a beta of 0.24. The firm’s 50 day simple moving average is $28.11 and its 200-day simple moving average is $28.29. 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 released its quarterly earnings results on Thursday, March 20th. The real estate investment trust reported $0.01 EPS for the quarter. Transcontinental Realty Investors had a net margin of 6.55% and a return on equity of 0.38%. The company had revenue of $11.79 million for the quarter.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Transcontinental Realty Investors

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC boosted its position in Transcontinental Realty Investors by 261.9% during the third 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 in the last quarter. JPMorgan Chase & Co. raised its stake 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 worth $67,000 after buying an additional 1,505 shares during the period. BNP Paribas Financial Markets lifted its position in shares of 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 valued at $87,000 after buying an additional 2,779 shares in the last quarter. Finally, TCW Group Inc. grew its stake in 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 valued at $1,968,000 after acquiring an additional 382 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.