StockNews.com Initiates Coverage on Transcontinental Realty Investors (NYSE:TCI)

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

Transcontinental Realty Investors Stock Performance

Shares of NYSE:TCI opened at $27.96 on Friday. The firm has a market capitalization of $241.50 million, a P/E ratio of 75.55 and a beta of 0.52. The stock has a 50 day moving average price of $28.06 and a 200-day moving average price of $28.27. Transcontinental Realty Investors has a 52-week low of $25.50 and a 52-week high of $38.10.

Transcontinental Realty Investors (NYSE:TCI) last released its earnings results on Thursday, March 20th. The real estate investment trust reported $0.01 EPS for the quarter. Transcontinental Realty Investors had a return on equity of 0.38% and a net margin of 6.55%. The business had revenue of $11.79 million for the quarter.

Insider Activity at Transcontinental Realty Investors

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental acquired 21,678 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average cost of $18.00 per share, with a total value of $390,204.00. Following the transaction, the insider now owns 3,403,248 shares of the company’s stock, valued at $61,258,464. The trade was a 0.64 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 86.20% of the stock is currently owned by insiders.

Institutional Trading of Transcontinental Realty Investors

A number of institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its position in shares of Transcontinental Realty Investors by 1,073.0% during 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 buying an additional 2,779 shares during the last quarter. Barclays PLC lifted its stake in Transcontinental Realty Investors by 261.9% during the 3rd quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 1,176 shares during the period. TCW Group Inc. boosted its holdings in shares of Transcontinental Realty Investors by 0.6% during the 3rd quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock valued at $1,968,000 after acquiring an additional 382 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake 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 worth $67,000 after acquiring an additional 1,505 shares during the period.

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.