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

Equities research analysts at StockNews.com started coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a report issued on Sunday. The firm set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Price Performance

Shares of NYSE TCI opened at $27.99 on Friday. Transcontinental Realty Investors has a 1-year low of $25.50 and a 1-year high of $36.30. The company has a market capitalization of $241.81 million, a price-to-earnings ratio of 75.65 and a beta of 0.52. The business has a 50-day moving average of $28.12 and a 200-day moving average of $28.29.

Transcontinental Realty Investors (NYSE:TCI) last released its quarterly earnings results on Thursday, March 20th. The real estate investment trust reported $0.01 earnings per share 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 Activity at Transcontinental Realty Investors

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental purchased 21,678 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average price of $18.00 per share, for a total transaction of $390,204.00. Following the completion of the purchase, the insider now owns 3,403,248 shares in the company, valued at $61,258,464. The trade was a 0.64 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 86.20% of the company’s stock.

Institutional Investors Weigh In On Transcontinental Realty Investors

A number of hedge funds have recently bought and sold shares of TCI. TCW Group Inc. boosted its stake in shares of 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 buying an additional 3,618 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Transcontinental Realty Investors by 1,073.0% in the third quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock worth $87,000 after buying an additional 2,779 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Transcontinental Realty Investors by 99.6% in the fourth quarter. JPMorgan Chase & Co. now owns 4,648 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 2,319 shares in the last quarter. Finally, Barclays PLC raised its holdings in Transcontinental Realty Investors by 261.9% in the third quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 1,176 shares in the last quarter.

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.