Realty Invest Transcontinental Purchases 3,500 Shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental bought 3,500 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $17.65 per share, for a total transaction of $61,775.00. Following the completion of the purchase, the insider now owns 3,408,248 shares in the company, valued at approximately $60,155,577.20. This trade represents a 0.10 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% 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 bought 1,700 shares of Transcontinental Realty Investors stock. The stock was bought at an average price of $17.48 per share, with a total value of $29,716.00.
• On Thursday, March 27th, Realty Invest Transcontinental purchased 2,000 shares of Transcontinental Realty Investors stock. The shares were 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 acquired 2,000 shares of Transcontinental Realty Investors stock. The shares were purchased at an average price of $17.60 per share, with a total value of $35,200.00.
• On Friday, March 21st, Realty Invest Transcontinental bought 480 shares of Transcontinental Realty Investors stock. The stock was purchased 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 acquired 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 stock was acquired at an average cost of $18.00 per share, with a total value of $390,204.00.

Transcontinental Realty Investors Price Performance

TCI traded up $0.34 on Monday, hitting $28.53. The company had a trading volume of 2,734 shares, compared to its average volume of 2,759. Transcontinental Realty Investors, Inc. has a 1-year low of $25.50 and a 1-year high of $36.30. The company’s fifty day moving average price is $28.12 and its 200 day moving average price is $28.29. The stock has a market cap of $246.47 million, a price-to-earnings ratio of 77.11 and a beta of 0.24.

Transcontinental Realty Investors (NYSE:TCI) last posted its quarterly earnings data on Thursday, March 20th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter. The business 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 initiated coverage on Transcontinental Realty Investors in a report on Sunday. They set a “sell” rating on the stock.

Institutional Investors Weigh In On Transcontinental Realty Investors

Hedge funds and other institutional investors have recently made changes to their positions in the business. TCW Group Inc. grew 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 valued at $2,146,000 after buying an additional 3,618 shares during the last quarter. JPMorgan Chase & Co. increased its position in Transcontinental Realty Investors by 99.6% during the fourth quarter. JPMorgan Chase & Co. now owns 4,648 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 2,319 shares during the period. BNP Paribas Financial Markets raised its stake in Transcontinental Realty Investors by 1,073.0% during 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 during the last quarter. Finally, Barclays PLC boosted 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 valued at $47,000 after purchasing an additional 1,176 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.