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

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

Transcontinental Realty Investors Price Performance

Shares of TCI opened at $29.40 on Wednesday. The company has a market cap of $253.94 million, a PE ratio of 79.45 and a beta of 0.24. The firm has a 50-day moving average of $28.44 and a 200-day moving average of $28.27. Transcontinental Realty Investors has a one year low of $25.50 and a one year high of $31.92.

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

Insider Buying and Selling at Transcontinental Realty Investors

In other news, major shareholder Realty Invest Transcontinental purchased 1,500 shares of Transcontinental Realty Investors stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of $17.62 per share, for a total transaction of $26,430.00. Following the completion of the acquisition, the insider now owns 3,404,748 shares in the company, valued at approximately $59,991,659.76. This trade represents a 0.04 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 11,180 shares of company stock worth $196,491 over the last quarter. Corporate insiders own 86.20% of the company’s stock.

Institutional Investors Weigh In On Transcontinental Realty Investors

Several hedge funds have recently added to or reduced their stakes in the business. Barclays PLC raised its stake in shares of Transcontinental Realty Investors by 261.9% during the third 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 last quarter. JPMorgan Chase & Co. raised its position in Transcontinental Realty Investors by 182.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 1,505 shares during the last quarter. Finally, TCW Group Inc. lifted its holdings in 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 buying an additional 3,618 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.