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

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

Transcontinental Realty Investors Stock Down 2.6 %

Shares of TCI stock opened at $28.26 on Thursday. The stock has a market cap of $244.09 million, a P/E ratio of 76.36 and a beta of 0.52. The business has a fifty day simple moving average of $28.07 and a 200-day simple moving average of $28.33. Transcontinental Realty Investors has a fifty-two week low of $25.50 and a fifty-two week high of $41.34.

Insider Buying and Selling

In related 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 stock was purchased at an average price of $18.00 per share, for a total transaction of $390,204.00. Following the transaction, the insider now owns 3,403,248 shares in the company, valued at $61,258,464. This trade represents a 0.64 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 86.20% of the stock is currently owned by company insiders.

Institutional Trading of Transcontinental Realty Investors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in Transcontinental Realty Investors by 261.9% in the 3rd 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 during the last quarter. JPMorgan Chase & Co. boosted its stake in 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 worth $67,000 after buying an additional 1,505 shares during the last quarter. BNP Paribas Financial Markets boosted its stake 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 buying an additional 2,779 shares during the last quarter. Finally, TCW Group Inc. boosted its stake in Transcontinental Realty Investors by 0.6% in the 3rd quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock worth $1,968,000 after buying an additional 382 shares during the last quarter.

About Transcontinental Realty Investors

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.