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

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

Transcontinental Realty Investors Stock Performance

NYSE TCI opened at $28.37 on Friday. Transcontinental Realty Investors has a one year low of $25.50 and a one year high of $37.51. The company has a 50-day simple moving average of $28.15 and a 200-day simple moving average of $28.28. The firm has a market capitalization of $245.09 million, a PE ratio of 76.68 and a beta of 0.52.

Transcontinental Realty Investors (NYSE:TCI) last issued its earnings results on Thursday, March 20th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $11.79 million for the quarter. Transcontinental Realty Investors had a net margin of 6.55% and a return on equity of 0.38%.

Insider Activity at Transcontinental Realty Investors

In other news, major shareholder Realty Invest Transcontinental acquired 21,678 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average price of $18.00 per share, with a total value of $390,204.00. Following the acquisition, the insider now directly owns 3,403,248 shares in the company, valued at approximately $61,258,464. The trade was a 0.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 86.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. TCW Group Inc. raised its holdings in shares of Transcontinental Realty Investors by 5.3% during the fourth 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 position in 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 valued at $87,000 after acquiring an additional 2,779 shares during the period. JPMorgan Chase & Co. increased its position in Transcontinental Realty Investors by 99.6% in the 4th 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 during the period. Finally, Barclays PLC raised its stake in Transcontinental Realty Investors by 261.9% during the 3rd 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.

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.