Insider Buying: Transcontinental Realty Investors, Inc. (NYSE:TCI) Major Shareholder Buys 1,000 Shares of Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) major shareholder Realty Invest Transcontinental bought 1,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average cost of $17.48 per share, for a total transaction of $17,480.00. Following the completion of the acquisition, the insider now owns 3,418,328 shares in the company, valued at $59,752,373.44. This trade represents a 0.03 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% 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 Wednesday, April 30th, Realty Invest Transcontinental purchased 21 shares of Transcontinental Realty Investors stock. The stock was bought at an average price of $17.21 per share, with a total value of $361.41.
• On Monday, April 28th, Realty Invest Transcontinental acquired 1,000 shares of Transcontinental Realty Investors stock. The shares were bought at an average cost of $17.48 per share, for a total transaction of $17,480.00.
• On Friday, April 25th, Realty Invest Transcontinental bought 1,192 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.49 per share, with a total value of $20,848.08.
• On Wednesday, April 23rd, Realty Invest Transcontinental purchased 2,500 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $17.35 per share, for a total transaction of $43,375.00.
• On Monday, April 21st, Realty Invest Transcontinental purchased 1,500 shares of Transcontinental Realty Investors stock. The stock was purchased at an average price of $17.80 per share, with a total value of $26,700.00.
• On Wednesday, April 16th, Realty Invest Transcontinental bought 374 shares of Transcontinental Realty Investors stock. The shares were purchased at an average price of $17.70 per share, for a total transaction of $6,619.80.
• On Monday, April 14th, Realty Invest Transcontinental purchased 1,773 shares of Transcontinental Realty Investors stock. The stock was acquired at an average price of $17.66 per share, with a total value of $31,311.18.
• On Friday, April 11th, Realty Invest Transcontinental acquired 79 shares of Transcontinental Realty Investors stock. The stock was acquired at an average price of $17.75 per share, for a total transaction of $1,402.25.
• On Tuesday, April 8th, Realty Invest Transcontinental bought 40 shares of Transcontinental Realty Investors stock. The shares were acquired at an average price of $17.40 per share, with a total value of $696.00.
• On Monday, March 31st, Realty Invest Transcontinental purchased 1,700 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.48 per share, for a total transaction of $29,716.00.

Transcontinental Realty Investors Stock Performance

Shares of TCI traded up $1.66 during midday trading on Friday, hitting $33.00. 1,789 shares of the company traded hands, compared to its average volume of 3,447. The stock has a market cap of $285.09 million, a price-to-earnings ratio of 89.19 and a beta of 0.34. The firm has a 50 day moving average of $28.64 and a 200-day moving average of $28.38. Transcontinental Realty Investors, Inc. has a 52 week low of $25.50 and a 52 week high of $33.18.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last posted its earnings results on Thursday, May 8th. The real estate investment trust reported $0.17 earnings per share 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 $12.01 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Transcontinental Realty Investors in a research report on Thursday. They set a "sell" rating on the stock.

Institutional Investors Weigh In On Transcontinental Realty Investors

A number of institutional investors and hedge funds have recently modified their holdings of TCI. TCW Group Inc. increased its stake in 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 worth $2,146,000 after purchasing an additional 3,618 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of 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 worth $139,000 after purchasing an additional 2,319 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of 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 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.