Transcontinental Realty Investors (NYSE:TCI) Earns Sell Rating from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a note issued to investors on Friday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Price Performance

TCI stock opened at $28.45 on Friday. Transcontinental Realty Investors has a 1-year low of $25.50 and a 1-year high of $39.75. The stock has a market capitalization of $245.74 million, a P/E ratio of 76.88 and a beta of 0.52. The business has a fifty day moving average price of $28.04 and a 200-day moving average price of $28.28.

Transcontinental Realty Investors (NYSE:TCI) last issued its earnings results on Thursday, March 20th. The real estate investment trust reported $0.01 earnings per share 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 21,678 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average price of $18.00 per share, with a total value of $390,204.00. Following the completion of the acquisition, the insider now directly owns 3,403,248 shares of the company’s stock, valued at approximately $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 is accessible through the SEC website. 86.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. TCW Group Inc. grew its stake in shares of Transcontinental Realty Investors by 5.3% during 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 purchasing an additional 3,618 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Transcontinental Realty Investors by 1,073.0% in the third quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock worth $87,000 after buying an additional 2,779 shares during the last quarter. JPMorgan Chase & Co. grew 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 valued at $139,000 after buying an additional 2,319 shares during the period. Finally, Barclays PLC grew its position in Transcontinental Realty Investors by 261.9% during the third quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 1,176 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.