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

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

Transcontinental Realty Investors Stock Performance

TCI stock opened at $28.60 on Monday. The stock’s 50 day moving average price is $28.18 and its 200 day moving average price is $28.40. The firm has a market cap of $247.10 million, a P/E ratio of 77.30 and a beta of 0.52. Transcontinental Realty Investors has a 1 year low of $25.50 and a 1 year high of $41.34.

Insider Activity

In other news, major shareholder Realty Invest Transcontinental purchased 21,678 shares of the 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 acquisition, the insider now directly owns 3,403,248 shares in the company, valued at $61,258,464. This represents a 0.64 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 86.20% of the company’s stock.

Institutional Trading of Transcontinental Realty Investors

A number of hedge funds have recently bought and sold shares of the company. TCW Group Inc. lifted its stake in shares of Transcontinental Realty Investors by 5.3% during 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. BNP Paribas Financial Markets increased its stake in 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 last quarter. JPMorgan Chase & Co. lifted its position in Transcontinental Realty Investors by 99.6% during the fourth quarter. JPMorgan Chase & Co. now owns 4,648 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 2,319 shares during the period. Finally, 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.

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.