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

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

Transcontinental Realty Investors Stock Performance

Shares of NYSE:TCI opened at $28.45 on Tuesday. Transcontinental Realty Investors has a 52 week low of $25.50 and a 52 week high of $41.34. The firm has a market cap of $245.78 million, a PE ratio of 76.89 and a beta of 0.52. The firm’s fifty day moving average is $28.19 and its 200-day moving average is $28.38.

Insiders Place Their Bets

In other news, major shareholder Realty Invest Transcontinental bought 21,678 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was acquired at an average price of $18.00 per share, with a total value of $390,204.00. Following the transaction, the insider now owns 3,403,248 shares of the company’s stock, valued at $61,258,464. This trade represents a 0.64 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 86.20% of the company’s stock.

Institutional Investors Weigh In On Transcontinental Realty Investors

A number of institutional investors have recently modified their holdings of the company. Barclays PLC raised 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 buying an additional 1,176 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in 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 during the period. BNP Paribas Financial Markets raised its position in shares of Transcontinental Realty Investors by 1,073.0% in 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. lifted its stake 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 valued at $1,968,000 after purchasing an additional 382 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.