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

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

Transcontinental Realty Investors Trading Up 0.2 %

Shares of NYSE TCI opened at $26.90 on Friday. Transcontinental Realty Investors has a twelve month low of $25.50 and a twelve month high of $41.34. The firm has a 50-day moving average of $28.40 and a two-hundred day moving average of $28.55. The company has a market capitalization of $232.42 million, a price-to-earnings ratio of 72.70 and a beta of 0.52.

Insider Buying and Selling

In other news, major shareholder Realty Invest Transcontinental acquired 21,678 shares of Transcontinental Realty Investors stock in a transaction on Wednesday, January 29th. The stock was bought at an average cost of $18.00 per share, with a total value of $390,204.00. Following the completion of the purchase, the insider now owns 3,403,248 shares of the company’s stock, valued at $61,258,464. This represents a 0.64 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 86.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TCI. TCW Group Inc. boosted its stake in Transcontinental Realty Investors by 5.3% in the 4th 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. Renaissance Technologies LLC acquired a new stake in shares of Transcontinental Realty Investors in the second quarter worth $219,000. BNP Paribas Financial Markets boosted its position 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 period. JPMorgan Chase & Co. grew its holdings in shares of Transcontinental Realty Investors by 182.6% during the third quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 1,505 shares in the last quarter. Finally, Barclays PLC raised 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 valued at $47,000 after buying an additional 1,176 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.