Transcontinental Realty Investors, Inc. (NYSE:TCI) Major Shareholder Realty Invest Transcontinental Acquires 2,000 Shares

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental acquired 2,000 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was purchased at an average cost of $17.49 per share, for a total transaction of $34,980.00. Following the completion of the acquisition, the insider now directly owns 3,412,728 shares of the company’s stock, valued at approximately $59,688,612.72. This trade represents a 0.06 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Realty Invest Transcontinental also recently made the following trade(s):

• On Monday, March 31st, Realty Invest Transcontinental bought 1,700 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $17.48 per share, with a total value of $29,716.00.
• On Monday, March 24th, Realty Invest Transcontinental purchased 2,000 shares of Transcontinental Realty Investors stock. The shares were acquired at an average cost of $17.60 per share, with a total value of $35,200.00.
• On Friday, March 21st, Realty Invest Transcontinental acquired 480 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.48 per share, for a total transaction of $8,390.40.
• On Wednesday, March 12th, Realty Invest Transcontinental bought 3,500 shares of Transcontinental Realty Investors stock. The shares were acquired at an average cost of $17.65 per share, with a total value of $61,775.00.
• On Monday, March 10th, Realty Invest Transcontinental purchased 1,500 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.62 per share, for a total transaction of $26,430.00.
• On Wednesday, January 29th, Realty Invest Transcontinental acquired 21,678 shares of Transcontinental Realty Investors stock. The shares were bought at an average price of $18.00 per share, with a total value of $390,204.00.

Transcontinental Realty Investors Stock Up 1.2 %

Shares of NYSE TCI traded up $0.34 during midday trading on Monday, reaching $28.53. 2,734 shares of the stock were exchanged, compared to its average volume of 2,759. The firm has a market cap of $246.47 million, a price-to-earnings ratio of 77.11 and a beta of 0.24. The firm has a 50-day simple moving average of $28.12 and a two-hundred day simple moving average of $28.29. Transcontinental Realty Investors, Inc. has a twelve month low of $25.50 and a twelve month high of $36.30.

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

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Transcontinental Realty Investors in a report on Sunday. They set a “sell” rating on the stock.

Institutional Investors Weigh In On Transcontinental Realty Investors

Several hedge funds have recently modified their holdings of TCI. Barclays PLC increased its stake in shares of 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 valued at $47,000 after purchasing an additional 1,176 shares in the last quarter. BNP Paribas Financial Markets grew its holdings 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 period. JPMorgan Chase & Co. grew its holdings in 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. Finally, TCW Group Inc. increased its position in shares of Transcontinental Realty Investors by 5.3% in the fourth quarter. TCW Group Inc. now owns 71,987 shares of the real estate investment trust’s stock valued at $2,146,000 after buying an additional 3,618 shares in 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.