Insider Buying: Transcontinental Realty Investors, Inc. (NYSE:TCI) Major Shareholder Buys 1,700 Shares of Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental bought 1,700 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was acquired at an average cost of $17.48 per share, for a total transaction of $29,716.00. Following the purchase, the insider now owns 3,415,928 shares of the company’s stock, valued at $59,710,421.44. This trade represents a 0.05 % increase in their ownership of the stock. The acquisition 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 Thursday, March 27th, Realty Invest Transcontinental acquired 2,000 shares of Transcontinental Realty Investors stock. The stock was bought at an average price of $17.49 per share, for a total transaction of $34,980.00.
• On Monday, March 24th, Realty Invest Transcontinental bought 2,000 shares of Transcontinental Realty Investors stock. The shares were bought at an average price of $17.60 per share, with a total value of $35,200.00.
• On Friday, March 21st, Realty Invest Transcontinental purchased 480 shares of Transcontinental Realty Investors stock. The stock was bought at an average price of $17.48 per share, for a total transaction of $8,390.40.
• On Wednesday, March 12th, Realty Invest Transcontinental acquired 3,500 shares of Transcontinental Realty Investors stock. The shares were bought at an average cost of $17.65 per share, with a total value 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 cost of $17.62 per share, for a total transaction of $26,430.00.
• On Wednesday, January 29th, Realty Invest Transcontinental purchased 21,678 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $18.00 per share, with a total value of $390,204.00.

Transcontinental Realty Investors Stock Performance

Transcontinental Realty Investors stock traded up $0.34 during trading hours on Monday, reaching $28.53. 2,734 shares of the company’s stock traded hands, compared to its average volume of 2,759. Transcontinental Realty Investors, Inc. has a fifty-two week low of $25.50 and a fifty-two week high of $36.30. The firm’s 50 day moving average is $28.12 and its 200-day moving average is $28.29. The firm has a market capitalization of $246.47 million, a price-to-earnings ratio of 77.11 and a beta of 0.24.

Transcontinental Realty Investors (NYSE:TCI) last released its earnings results on Thursday, March 20th. The real estate investment trust reported $0.01 EPS for the quarter. The firm 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%.

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 Investors Weigh In On Transcontinental Realty Investors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased its stake in shares of 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 valued at $47,000 after acquiring an additional 1,176 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in 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 acquiring an additional 1,505 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Transcontinental Realty Investors by 1,073.0% during 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 purchasing an additional 2,779 shares during the period. Finally, TCW Group Inc. raised its holdings 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 purchasing 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.