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 firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average cost of $17.65 per share, for a total transaction of $61,775.00. Following the acquisition, the insider now owns 3,408,248 shares of the company’s stock, valued at $60,155,577.20. This represents a 0.10 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Realty Invest Transcontinental also recently made the following trade(s):

• On Monday, March 31st, Realty Invest Transcontinental acquired 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 Thursday, March 27th, Realty Invest Transcontinental acquired 2,000 shares of Transcontinental Realty Investors stock. The shares were bought at an average cost of $17.49 per share, for a total transaction of $34,980.00.
• On Monday, March 24th, Realty Invest Transcontinental acquired 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 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 acquired 1,500 shares of Transcontinental Realty Investors stock. The shares were bought 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 cost of $18.00 per share, for a total transaction of $390,204.00.

Transcontinental Realty Investors Trading Up 3.3 %

Shares of TCI opened at $29.03 on Thursday. The stock has a market cap of $250.78 million, a P/E ratio of 78.46 and a beta of 0.24. The company has a 50-day moving average of $28.22 and a two-hundred day moving average of $28.29. 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 announced its 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 during the quarter. Transcontinental Realty Investors had a net margin of 6.55% and a return on equity of 0.38%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Transcontinental Realty Investors in a research report on Sunday. They set a “sell” rating for the company.

Hedge Funds Weigh In On Transcontinental Realty Investors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC raised its position in shares of 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 buying an additional 1,176 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 valued at $67,000 after buying an additional 1,505 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of 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 valued at $87,000 after buying an additional 2,779 shares during the last quarter. Finally, TCW Group Inc. raised its position in shares of 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 valued at $1,968,000 after buying an additional 382 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.