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

StockNews.com began coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a report released on Saturday. 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 $28.37 on Friday. Transcontinental Realty Investors has a 12-month low of $25.50 and a 12-month high of $37.51. The stock has a market capitalization of $245.09 million, a PE ratio of 76.68 and a beta of 0.52. The firm has a 50 day simple moving average of $28.15 and a 200-day simple moving average of $28.28.

Transcontinental Realty Investors (NYSE:TCI) last issued its quarterly earnings results on Thursday, March 20th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter. Transcontinental Realty Investors had a return on equity of 0.38% and a net margin of 6.55%. The firm had revenue of $11.79 million during the quarter.

Insider Buying and Selling

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental acquired 21,678 shares of Transcontinental Realty Investors stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of $18.00 per share, for a total transaction of $390,204.00. Following the transaction, the insider now owns 3,403,248 shares in the company, valued at approximately $61,258,464. This trade represents a 0.64 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 86.20% of the stock is owned by corporate insiders.

Institutional Trading of Transcontinental Realty Investors

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC boosted its holdings 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 worth $47,000 after buying an additional 1,176 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 worth $67,000 after acquiring an additional 1,505 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of 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 worth $87,000 after acquiring an additional 2,779 shares in the last quarter. Finally, TCW Group Inc. grew its holdings in shares of Transcontinental Realty Investors by 0.6% in the 3rd quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock worth $1,968,000 after acquiring an additional 382 shares during 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.