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

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

Transcontinental Realty Investors Price Performance

NYSE TCI opened at $28.45 on Tuesday. The business has a fifty day moving average price of $28.19 and a two-hundred day moving average price of $28.38. The stock has a market capitalization of $245.78 million, a PE ratio of 76.89 and a beta of 0.52. Transcontinental Realty Investors has a fifty-two week low of $25.50 and a fifty-two week high of $41.34.

Insider Activity at Transcontinental Realty Investors

In related news, major shareholder Realty Invest Transcontinental acquired 21,678 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 3,403,248 shares in the company, valued at $61,258,464. This trade represents a 0.64 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 86.20% of the stock is currently owned by insiders.

Institutional Trading of Transcontinental Realty Investors

A number of hedge funds have recently added to or reduced their stakes in TCI. Barclays PLC increased its holdings 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 buying an additional 1,176 shares in the last quarter. JPMorgan Chase & Co. grew its position in 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 acquiring an additional 1,505 shares during the last quarter. BNP Paribas Financial Markets increased its holdings 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 worth $87,000 after purchasing an additional 2,779 shares in the last quarter. Finally, TCW Group Inc. raised its position in Transcontinental Realty Investors by 0.6% in the third quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock valued at $1,968,000 after purchasing 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.