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

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

Transcontinental Realty Investors Trading Down 1.3 %

Shares of Transcontinental Realty Investors stock opened at $26.58 on Monday. Transcontinental Realty Investors has a twelve month low of $25.50 and a twelve month high of $41.34. The stock has a market cap of $229.62 million, a price-to-earnings ratio of 71.83 and a beta of 0.52. The company has a fifty day moving average price of $28.20 and a 200 day moving average price of $28.43.

Insider Activity

In other news, major shareholder Realty Invest Transcontinental bought 21,678 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average cost 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 of the company’s stock, valued at $61,258,464. This trade represents a 0.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 86.20% of the company’s stock.

Hedge Funds Weigh In On Transcontinental Realty Investors

A number of institutional investors have recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of 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 acquiring an additional 1,176 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Transcontinental Realty Investors by 1,073.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 2,779 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Transcontinental Realty Investors by 182.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,505 shares in the last quarter. Finally, TCW Group Inc. boosted its stake in shares of Transcontinental Realty Investors by 0.6% during 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 buying an additional 382 shares during 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.