StockNews.com Begins Coverage on Transcontinental Realty Investors (NYSE:TCI)

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

Transcontinental Realty Investors Price Performance

Transcontinental Realty Investors stock opened at $28.02 on Wednesday. The company has a market cap of $242.06 million, a P/E ratio of 75.73 and a beta of 0.52. Transcontinental Realty Investors has a fifty-two week low of $25.50 and a fifty-two week high of $41.34. The firm’s 50 day simple moving average is $28.20 and its 200-day simple moving average is $28.37.

Insider Buying and Selling at Transcontinental Realty Investors

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental acquired 21,678 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was purchased at an average cost of $18.00 per share, for a total transaction of $390,204.00. Following the transaction, the insider now owns 3,403,248 shares of the company’s stock, valued at $61,258,464. The trade was a 0.64 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 86.20% of the company’s stock.

Hedge Funds Weigh In On Transcontinental Realty Investors

A number of large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its holdings in shares of 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 worth $87,000 after purchasing an additional 2,779 shares during the period. Barclays PLC lifted its position 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. TCW Group Inc. boosted its stake in shares of Transcontinental Realty Investors by 0.6% during the 3rd quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock valued at $1,968,000 after buying an additional 382 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of 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 valued at $67,000 after acquiring an additional 1,505 shares in the last quarter.

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.