Transcontinental Realty Investors (NYSE:TCI) Now Covered by StockNews.com

Stock analysts at StockNews.com started coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research note issued on Tuesday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Performance

Shares of NYSE TCI opened at $28.16 on Tuesday. The company has a market cap of $243.27 million, a price-to-earnings ratio of 76.11 and a beta of 0.24. The business’s 50 day moving average price is $28.43 and its 200-day moving average price is $28.29. Transcontinental Realty Investors has a fifty-two week low of $25.50 and a fifty-two week high of $31.92.

Transcontinental Realty Investors (NYSE:TCI) last issued its quarterly earnings results on Thursday, March 20th. The real estate investment trust reported $0.01 earnings per share 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 during the quarter.

Insider Buying and Selling at Transcontinental Realty Investors

In related news, major shareholder Realty Invest Transcontinental acquired 1,500 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was bought at an average price of $17.62 per share, for a total transaction of $26,430.00. Following the completion of the purchase, the insider now directly owns 3,404,748 shares of the company’s stock, valued at approximately $59,991,659.76. The trade was a 0.04 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 32,858 shares of company stock worth $586,695 over the last three months. Insiders own 86.20% of the company’s stock.

Hedge Funds Weigh In On Transcontinental Realty Investors

A number of large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in Transcontinental Realty Investors by 99.6% in the fourth quarter. JPMorgan Chase & Co. now owns 4,648 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 2,319 shares during the last quarter. TCW Group Inc. increased its position in shares of Transcontinental Realty Investors by 5.3% in 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 last quarter. Finally, Barclays PLC boosted its holdings in 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 worth $47,000 after purchasing an additional 1,176 shares during the period.

About Transcontinental Realty Investors

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.