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

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

Transcontinental Realty Investors Trading Down 0.3 %

NYSE TCI opened at $29.60 on Tuesday. The business has a fifty day simple moving average of $28.18 and a 200 day simple moving average of $28.39. Transcontinental Realty Investors has a 12 month low of $25.50 and a 12 month high of $41.34. The firm has a market capitalization of $255.67 million, a P/E ratio of 79.99 and a beta of 0.52.

Insider Activity at Transcontinental Realty Investors

In related news, major shareholder Realty Invest Transcontinental acquired 21,678 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average cost of $18.00 per share, for a total transaction of $390,204.00. Following the purchase, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 86.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Transcontinental Realty Investors

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew 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 valued at $139,000 after acquiring an additional 2,319 shares during the last quarter. TCW Group Inc. grew its holdings 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 valued at $2,146,000 after purchasing an additional 3,618 shares during the last quarter. Barclays PLC raised its position 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 purchasing an additional 1,176 shares during the period. Finally, BNP Paribas Financial Markets lifted 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 worth $87,000 after purchasing an additional 2,779 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.