Realty Invest Transcontinental Buys 2,474 Shares of Transcontinental Realty Investors (NYSE:TCI) Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental bought 2,474 shares of Transcontinental Realty Investors stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average cost of $17.83 per share, for a total transaction of $44,111.42. Following the purchase, the insider owned 3,451,735 shares in the company, valued at $61,544,435.05. This represents a 0.07% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Tuesday, June 23rd, Realty Invest Transcontinental purchased 1,300 shares of Transcontinental Realty Investors stock. The shares were bought at an average cost of $17.88 per share, with a total value of $23,244.00.
• On Monday, June 22nd, Realty Invest Transcontinental purchased 1,500 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.75 per share, with a total value of $26,625.00.
• On Thursday, June 18th, Realty Invest Transcontinental purchased 352 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.85 per share, with a total value of $6,283.20.
• On Tuesday, June 16th, Realty Invest Transcontinental acquired 1,653 shares of Transcontinental Realty Investors stock. The stock was bought at an average price of $17.76 per share, for a total transaction of $29,357.28.
• On Monday, June 15th, Realty Invest Transcontinental acquired 1,517 shares of Transcontinental Realty Investors stock. The shares were bought at an average cost of $17.81 per share, for a total transaction of $27,017.77.
• On Friday, June 12th, Realty Invest Transcontinental acquired 91 shares of Transcontinental Realty Investors stock. The shares were bought at an average price of $17.50 per share, with a total value of $1,592.50.
• On Thursday, June 11th, Realty Invest Transcontinental bought 1,000 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.80 per share, with a total value of $17,800.00.
• On Tuesday, June 9th, Realty Invest Transcontinental bought 1,000 shares of Transcontinental Realty Investors stock. The stock was purchased at an average price of $17.74 per share, for a total transaction of $17,740.00.
• On Monday, June 8th, Realty Invest Transcontinental purchased 2,000 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $17.50 per share, for a total transaction of $35,000.00.
• On Thursday, June 4th, Realty Invest Transcontinental purchased 157 shares of Transcontinental Realty Investors stock. The shares were purchased at an average price of $17.77 per share, with a total value of $2,789.89.

Transcontinental Realty Investors Price Performance

NYSE:TCI opened at $46.50 on Wednesday. The firm has a 50 day simple moving average of $39.14 and a 200-day simple moving average of $43.41. The firm has a market cap of $401.71 million, a PE ratio of 42.66 and a beta of 0.49. Transcontinental Realty Investors, Inc. has a 1-year low of $31.48 and a 1-year high of $59.65.

Transcontinental Realty Investors (NYSE:TCI) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $12.34 million for the quarter. Transcontinental Realty Investors had a net margin of 18.94% and a negative return on equity of 0.02%.

Transcontinental Realty Investors News Summary

Here are the key news stories impacting Transcontinental Realty Investors this week:

• Positive Sentiment: Major shareholder Realty Invest Transcontinental has continued to buy TCI shares in several recent transactions, reinforcing a bullish insider signal that may be supporting the stock. SEC filing
• Neutral Sentiment: The purchases were relatively small compared with the insider’s very large existing stake, so they are more a confidence signal than a meaningful ownership shift. SEC filing
• Neutral Sentiment: The recent buys were made around $17.50 to $17.88 per share, suggesting the insider may view those levels as attractive. SEC filing

Institutional Trading of Transcontinental Realty Investors

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its holdings in Transcontinental Realty Investors by 85.7% in the second quarter. Russell Investments Group Ltd. now owns 739 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 341 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Transcontinental Realty Investors during the fourth quarter worth about $33,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Transcontinental Realty Investors by 43.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,032 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 315 shares during the period. Bank of America Corp DE lifted its stake in shares of Transcontinental Realty Investors by 47.9% in the 2nd quarter. Bank of America Corp DE now owns 1,310 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 424 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Transcontinental Realty Investors in the 2nd quarter valued at about $68,000.

Analyst Ratings Changes

A number of brokerages have recently commented on TCI. Wall Street Zen raised Transcontinental Realty Investors to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded Transcontinental Realty Investors from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

About Transcontinental Realty Investors

Transcontinental Realty Investors, Inc is a publicly traded real estate investment company listed on the NYSE under the ticker TCI. The company specializes in the acquisition, ownership and operation of neighborhood and community shopping centers. Its core focus is on open‐air retail properties anchored by grocery stores, pharmacies and national discount retailers, providing stable tenant demand and long‐term lease structures.

The firm’s portfolio comprises a diversified collection of retail shopping centers located primarily in the Midwest and Southern regions of the United States.