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

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) major shareholder Realty Invest Transcontinental purchased 1,000 shares of Transcontinental Realty Investors stock in a transaction that occurred on Monday, April 28th. The shares were bought at an average price of $17.48 per share, for a total transaction of $17,480.00. Following the completion of the transaction, the insider now owns 3,431,163 shares in the company, valued at $59,976,729.24. The trade was a 0.03 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 Wednesday, April 30th, Realty Invest Transcontinental bought 21 shares of Transcontinental Realty Investors stock. The stock was purchased at an average price of $17.21 per share, with a total value of $361.41.
• On Friday, April 25th, Realty Invest Transcontinental acquired 1,192 shares of Transcontinental Realty Investors stock. The stock was purchased at an average price of $17.49 per share, with a total value of $20,848.08.
• On Wednesday, April 23rd, Realty Invest Transcontinental bought 2,500 shares of Transcontinental Realty Investors stock. The shares were acquired at an average price 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 acquired at an average price of $17.80 per share, with a total value of $26,700.00.
• On Wednesday, April 16th, Realty Invest Transcontinental acquired 374 shares of Transcontinental Realty Investors stock. The stock was acquired at an average price of $17.70 per share, for a total transaction of $6,619.80.
• On Monday, April 14th, Realty Invest Transcontinental bought 1,773 shares of Transcontinental Realty Investors stock. The shares were 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 bought 79 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.75 per share, for a total transaction of $1,402.25.
• On Tuesday, April 8th, Realty Invest Transcontinental purchased 40 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $17.40 per share, with a total value of $696.00.
• On Thursday, April 3rd, Realty Invest Transcontinental acquired 1,000 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.48 per share, with a total value of $17,480.00.
• On Monday, March 31st, Realty Invest Transcontinental purchased 1,700 shares of Transcontinental Realty Investors stock. The stock was acquired at an average price of $17.48 per share, with a total value of $29,716.00.

Transcontinental Realty Investors Price Performance

Shares of NYSE:TCI traded up $0.26 during trading on Friday, reaching $31.18. 1,434 shares of the company were exchanged, compared to its average volume of 3,462. The business's fifty day simple moving average is $28.56 and its 200-day simple moving average is $28.34. The firm has a market capitalization of $269.40 million, a PE ratio of 84.28 and a beta of 0.34. Transcontinental Realty Investors, Inc. has a 12-month low of $25.50 and a 12-month high of $32.50.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last issued its quarterly 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 return on equity of 0.38% and a net margin of 6.55%. The business had revenue of $12.01 million during the quarter.

Institutional Trading of Transcontinental Realty Investors

Several institutional investors and hedge funds have recently bought and sold shares of TCI. JPMorgan Chase & Co. increased its stake in shares of Transcontinental Realty Investors by 99.6% during the fourth quarter. JPMorgan Chase & Co. now owns 4,648 shares of the real estate investment trust's stock worth $139,000 after buying an additional 2,319 shares during the period. TCW Group Inc. grew its position in shares of Transcontinental Realty Investors by 5.3% during the fourth quarter. TCW Group Inc. now owns 71,987 shares of the real estate investment trust's stock worth $2,146,000 after acquiring an additional 3,618 shares during the last quarter. Finally, Barclays PLC grew its holdings 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 worth $47,000 after buying an additional 1,176 shares during the last quarter.

Analyst Ratings Changes

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

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.