Transcontinental Realty Investors (NYSE:TCI) Now Covered by StockNews.com

StockNews.com started coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research report sent to investors on Friday. The firm issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Price Performance

TCI stock opened at $34.49 on Friday. The company’s 50 day simple moving average is $29.24 and its 200-day simple moving average is $28.61. Transcontinental Realty Investors has a 12 month low of $25.50 and a 12 month high of $36.33. The firm has a market capitalization of $297.92 million, a PE ratio of 93.20 and a beta of 0.34.

Transcontinental Realty Investors (NYSE:TCI) last posted its earnings results on Thursday, May 8th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $12.01 million for the quarter. Transcontinental Realty Investors had a return on equity of 0.38% and a net margin of 6.55%.

Insider Activity at Transcontinental Realty Investors

In other news, major shareholder Realty Invest Transcontinental acquired 3,500 shares of Transcontinental Realty Investors stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $17.65 per share, with a total value of $61,775.00. Following the completion of the purchase, the insider now owns 3,408,248 shares of the company’s stock, valued at approximately $60,155,577.20. This represents a 0.10% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased a total of 20,659 shares of company stock valued at $362,765 over the last quarter. Insiders own 86.20% of the company’s stock.

Institutional Trading of Transcontinental Realty Investors

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC lifted its stake in shares of 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 purchasing an additional 1,176 shares during the period. JPMorgan Chase & Co. grew 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 purchasing an additional 1,505 shares during the period. Finally, TCW Group Inc. grew its position in shares of Transcontinental Realty Investors by 5.3% in the fourth 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.

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.