Transcontinental Realty Investors (NYSE:TCI) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a report issued on Monday morning. The firm issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Trading Up 0.7 %

TCI opened at $28.51 on Monday. The company’s 50 day moving average is $28.32 and its 200 day moving average is $28.29. The company has a market cap of $246.30 million, a price-to-earnings ratio of 77.05 and a beta of 0.24. Transcontinental Realty Investors has a 12-month low of $25.50 and a 12-month high of $34.09.

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 for the quarter. The business had revenue of $11.79 million for the quarter. Transcontinental Realty Investors had a net margin of 6.55% and a return on equity of 0.38%.

Insider Transactions at Transcontinental Realty Investors

In other news, major shareholder Realty Invest Transcontinental purchased 1,500 shares of the company’s stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of $17.62 per share, for a total transaction of $26,430.00. Following the completion of the transaction, the insider now directly owns 3,404,748 shares in the company, valued at $59,991,659.76. This trade represents a 0.04 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased 32,858 shares of company stock valued at $586,695 over the last quarter. 86.20% of the stock is currently owned by company insiders.

Institutional Trading of Transcontinental Realty Investors

Several institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC increased its stake 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. JPMorgan Chase & Co. boosted its stake in shares of Transcontinental Realty Investors by 182.6% in the third 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 during the period. BNP Paribas Financial Markets grew its position 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 in the last quarter. Finally, TCW Group Inc. raised its stake in 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.

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.