Transcontinental Realty Investors (NYSE:TCI) Now Covered by StockNews.com

StockNews.com began coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research report sent to investors on Wednesday. The brokerage issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Price Performance

NYSE:TCI opened at $30.59 on Wednesday. The company has a market capitalization of $264.22 million, a price-to-earnings ratio of 82.66 and a beta of 0.24. The business has a 50 day moving average of $28.47 and a 200 day moving average of $28.29. Transcontinental Realty Investors has a 1-year low of $25.50 and a 1-year high of $31.92.

Transcontinental Realty Investors (NYSE:TCI) last announced its quarterly earnings data on Thursday, March 20th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter. The company 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%.

Insiders Place Their Bets

In related news, major shareholder Realty Invest Transcontinental acquired 1,500 shares of Transcontinental Realty Investors stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $17.62 per share, with a total value of $26,430.00. Following the transaction, the insider now owns 3,404,748 shares in the company, valued at $59,991,659.76. This trade represents a 0.04 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have purchased 11,180 shares of company stock valued at $196,491 in the last ninety days. Company insiders own 86.20% of the company’s stock.

Hedge Funds Weigh In On Transcontinental Realty Investors

A number of institutional investors have recently bought and sold shares of the stock. Barclays PLC lifted its stake in shares of 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. JPMorgan Chase & Co. boosted 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 buying an additional 1,505 shares in the last quarter. Finally, TCW Group Inc. grew its position in shares of 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 worth $2,146,000 after buying an additional 3,618 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.