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

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

Transcontinental Realty Investors Stock Up 1.1 %

TCI opened at $27.15 on Friday. The company has a market cap of $234.58 million, a price-to-earnings ratio of 73.38 and a beta of 0.52. Transcontinental Realty Investors has a 52-week low of $25.50 and a 52-week high of $41.34. The firm’s fifty day simple moving average is $28.36 and its two-hundred day simple moving average is $28.52.

Insider Activity at Transcontinental Realty Investors

In related news, major shareholder Realty Invest Transcontinental acquired 21,678 shares of Transcontinental Realty Investors stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average price of $18.00 per share, for a total transaction of $390,204.00. Following the completion of the transaction, the insider now owns 3,403,248 shares in the company, valued at $61,258,464. This represents a 0.64 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 86.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. TCW Group Inc. boosted its holdings in 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 valued at $1,968,000 after purchasing an additional 382 shares during the last quarter. Barclays PLC increased its stake 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 acquiring an additional 1,176 shares during the last quarter. JPMorgan Chase & Co. raised its position in 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 valued at $67,000 after purchasing an additional 1,505 shares during the period. BNP Paribas Financial Markets increased its position 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 purchasing an additional 2,779 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Transcontinental Realty Investors in the second quarter valued at about $219,000.

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.