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

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

Transcontinental Realty Investors Trading Up 1.1 %

Shares of Transcontinental Realty Investors stock opened at $29.22 on Tuesday. The company has a fifty day moving average price of $28.17 and a 200 day moving average price of $28.39. Transcontinental Realty Investors has a twelve month low of $25.50 and a twelve month high of $41.34. The stock has a market cap of $252.39 million, a price-to-earnings ratio of 78.96 and a beta of 0.52.

Insiders Place Their Bets

In other news, major shareholder Realty Invest Transcontinental acquired 21,678 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of $18.00 per share, for a total transaction of $390,204.00. Following the acquisition, the insider now directly owns 3,403,248 shares of the company’s stock, valued at $61,258,464. This represents a 0.64 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 86.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Transcontinental Realty Investors

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Transcontinental Realty Investors by 99.6% in 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 in the last quarter. TCW Group Inc. lifted its holdings in 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 worth $2,146,000 after buying an additional 3,618 shares in the last quarter. Barclays PLC lifted its holdings in Transcontinental Realty Investors by 261.9% in 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 in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Transcontinental Realty Investors by 1,073.0% in 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 purchasing an additional 2,779 shares in 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.