Transcontinental Realty Investors, Inc. (NYSE:TCI) Major Shareholder Realty Invest Transcontinental Acquires 21,678 Shares

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental purchased 21,678 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Transcontinental Realty Investors Stock Up 0.7 %

NYSE:TCI traded up $0.18 during mid-day trading on Tuesday, hitting $26.66. 1,408 shares of the stock traded hands, compared to its average volume of 3,493. The stock has a market capitalization of $230.34 million, a price-to-earnings ratio of 72.06 and a beta of 0.52. The firm’s 50 day moving average is $28.59 and its two-hundred day moving average is $28.68. Transcontinental Realty Investors, Inc. has a 52 week low of $25.50 and a 52 week high of $41.34.

Transcontinental Realty Investors (NYSE:TCI) last posted its earnings results on Thursday, November 7th. The real estate investment trust reported $0.20 EPS for the quarter. The company had revenue of $11.61 million during the quarter. Transcontinental Realty Investors had a net margin of 6.55% and a return on equity of 0.38%.

Institutional Trading of Transcontinental Realty Investors

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. TCW Group Inc. increased its stake in shares of 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 worth $1,968,000 after acquiring an additional 382 shares during the period. Barclays PLC grew its position in shares of Transcontinental Realty Investors by 261.9% in the third quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 1,176 shares during the period. JPMorgan Chase & Co. grew its position in shares of Transcontinental Realty Investors by 182.6% in the third 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 during the period. BNP Paribas Financial Markets grew 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 valued at $87,000 after purchasing an additional 2,779 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Transcontinental Realty Investors in the second quarter valued at about $219,000.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Transcontinental Realty Investors in a report on Saturday. They set a “sell” rating on the stock.

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.