Insider Buying: Transcontinental Realty Investors, Inc. (NYSE:TCI) Major Shareholder Purchases $34,980.00 in Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental bought 2,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average price of $17.49 per share, for a total transaction of $34,980.00. Following the completion of the transaction, the insider now owns 3,412,728 shares in the company, valued at $59,688,612.72. This trade represents a 0.06 % 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. 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 bought at an average cost of $17.48 per share, for a total transaction of $29,716.00.
• On Monday, March 24th, Realty Invest Transcontinental bought 2,000 shares of Transcontinental Realty Investors stock. The shares were bought at an average cost of $17.60 per share, for a total transaction of $35,200.00.
• On Friday, March 21st, Realty Invest Transcontinental purchased 480 shares of Transcontinental Realty Investors stock. The shares were acquired at an average price of $17.48 per share, for a total transaction of $8,390.40.
• On Wednesday, March 12th, Realty Invest Transcontinental purchased 3,500 shares of Transcontinental Realty Investors stock. The shares were 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 bought 1,500 shares of Transcontinental Realty Investors stock. The stock was purchased at an average price of $17.62 per share, for a total transaction of $26,430.00.
• On Wednesday, January 29th, Realty Invest Transcontinental bought 21,678 shares of Transcontinental Realty Investors stock. The stock was purchased at an average price of $18.00 per share, for a total transaction of $390,204.00.

Transcontinental Realty Investors Stock Up 3.3 %

Transcontinental Realty Investors stock opened at $29.03 on Thursday. The business has a 50 day moving average price of $28.22 and a two-hundred day moving average price of $28.29. The stock has a market cap of $250.78 million, a price-to-earnings ratio of 78.46 and a beta of 0.24. Transcontinental Realty Investors, Inc. has a 12 month low of $25.50 and a 12 month high of $35.93.

Transcontinental Realty Investors (NYSE:TCI) last released its quarterly earnings data on Thursday, March 20th. The real estate investment trust reported $0.01 earnings per share 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 began coverage on Transcontinental Realty Investors in a research report on Sunday. They issued a “sell” rating for the company.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TCI. TCW Group Inc. lifted its stake 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 valued at $2,146,000 after purchasing an additional 3,618 shares during the period. BNP Paribas Financial Markets raised its stake 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 buying an additional 2,779 shares during the period. JPMorgan Chase & Co. raised its stake in Transcontinental Realty Investors by 99.6% during the 4th quarter. JPMorgan Chase & Co. now owns 4,648 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 2,319 shares during the period. Finally, Barclays PLC raised its stake in Transcontinental Realty Investors by 261.9% during the 3rd 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 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.