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

Stock analysts at StockNews.com assumed coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a report released on Thursday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Performance

Transcontinental Realty Investors stock opened at $33.00 on Thursday. The stock has a 50-day simple moving average of $28.64 and a 200 day simple moving average of $28.38. The stock has a market capitalization of $285.09 million, a P/E ratio of 89.19 and a beta of 0.34. Transcontinental Realty Investors has a 52 week low of $25.50 and a 52 week high of $33.18.

Transcontinental Realty Investors (NYSE:TCI) last posted its earnings results on Thursday, May 8th. The real estate investment trust reported $0.17 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 business had revenue of $12.01 million for the quarter.

Insider Buying and Selling

In other news, major shareholder Realty Invest Transcontinental bought 1,500 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $17.62 per share, with a total value of $26,430.00. Following the completion of the acquisition, the insider now owns 3,404,748 shares of the company’s stock, valued at $59,991,659.76. This represents a 0.04 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders purchased 20,659 shares of company stock valued at $362,765. Company insiders own 86.20% of the company’s stock.

Institutional Trading of Transcontinental Realty Investors

A number of institutional investors have recently bought and sold shares of the business. Barclays PLC grew its position 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 in the last quarter. JPMorgan Chase & Co. grew 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 worth $67,000 after purchasing an additional 1,505 shares in the last quarter. Finally, TCW Group Inc. increased its position in shares of Transcontinental Realty Investors by 5.3% in the fourth quarter. TCW Group Inc. now owns 71,987 shares of the real estate investment trust’s stock worth $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.