Insider Buying: Transcontinental Realty Investors, Inc. (NYSE:TCI) Major Shareholder Buys 1,192 Shares of Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) major shareholder Realty Invest Transcontinental purchased 1,192 shares of the company's stock in a transaction that occurred on Friday, April 25th. The stock was bought at an average cost of $17.49 per share, with a total value of $20,848.08. Following the purchase, the insider now owns 3,430,163 shares of the company's stock, valued at $59,993,550.87. This represents a 0.03 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 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 bought 21 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.21 per share, for a total transaction of $361.41.
• On Monday, April 28th, Realty Invest Transcontinental purchased 1,000 shares of Transcontinental Realty Investors stock. The shares were purchased at an average price of $17.48 per share, for a total transaction of $17,480.00.
• On Wednesday, April 23rd, Realty Invest Transcontinental acquired 2,500 shares of Transcontinental Realty Investors stock. The stock was 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 bought 1,500 shares of Transcontinental Realty Investors stock. The shares were 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 purchased 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 acquired 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 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 purchased 40 shares of Transcontinental Realty Investors stock. The stock was bought at an average price of $17.40 per share, for a total transaction of $696.00.
• On Thursday, April 3rd, Realty Invest Transcontinental purchased 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 Monday, March 31st, Realty Invest Transcontinental bought 1,700 shares of Transcontinental Realty Investors stock. The stock was bought at an average price of $17.48 per share, for a total transaction of $29,716.00.

Transcontinental Realty Investors Trading Up 5.3 %

TCI traded up $1.66 on Friday, reaching $33.00. The stock had a trading volume of 1,789 shares, compared to its average volume of 3,447. 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 fifty-two week low of $25.50 and a fifty-two week high of $33.18. The company has a market capitalization of $285.09 million, a price-to-earnings ratio of 89.19 and a beta of 0.34.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter. Transcontinental Realty Investors had a return on equity of 0.38% and a net margin of 6.55%. The company had revenue of $12.01 million during the quarter.

Hedge Funds Weigh In On Transcontinental Realty Investors

Large investors have recently modified their holdings of the business. TCW Group Inc. grew its stake 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 worth $2,146,000 after purchasing an additional 3,618 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Transcontinental Realty Investors by 99.6% during the 4th 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. Finally, Barclays PLC lifted its holdings in Transcontinental Realty Investors by 261.9% during the 3rd 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 period.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Transcontinental Realty Investors in a report on Thursday. They set a "sell" rating for the company.

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.