Insider Buying: Transcontinental Realty Investors, Inc. (NYSE:TCI) Major Shareholder Buys 2,500 Shares of Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) major shareholder Realty Invest Transcontinental acquired 2,500 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The stock was acquired at an average cost of $17.35 per share, for a total transaction of $43,375.00. Following the completion of the transaction, the insider now directly owns 3,428,294 shares in the company, valued at $59,480,900.90. This represents a 0.07 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 acquired 21 shares of Transcontinental Realty Investors stock. The shares were bought 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 stock was acquired at an average price of $17.48 per share, with a total value of $17,480.00.
• On Friday, April 25th, Realty Invest Transcontinental acquired 1,192 shares of Transcontinental Realty Investors stock. The shares were bought at an average price of $17.49 per share, for a total transaction of $20,848.08.
• On Monday, April 21st, Realty Invest Transcontinental acquired 1,500 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.80 per share, for a total transaction of $26,700.00.
• On Wednesday, April 16th, Realty Invest Transcontinental bought 374 shares of Transcontinental Realty Investors stock. The shares were 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 purchased 1,773 shares of Transcontinental Realty Investors stock. The stock was acquired at an average price of $17.66 per share, for a total transaction of $31,311.18.
• On Friday, April 11th, Realty Invest Transcontinental purchased 79 shares of Transcontinental Realty Investors stock. The shares were purchased 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 stock was acquired at an average cost of $17.40 per share, with a total value of $696.00.
• On Thursday, April 3rd, Realty Invest Transcontinental purchased 1,000 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.48 per share, with a total value of $17,480.00.
• On Monday, March 31st, Realty Invest Transcontinental acquired 1,700 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.48 per share, for a total transaction of $29,716.00.

Transcontinental Realty Investors Price Performance

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

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 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 for the quarter.

Hedge Funds Weigh In On Transcontinental Realty Investors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TCI. Barclays PLC boosted its holdings in Transcontinental Realty Investors by 261.9% in the 3rd quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 1,176 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Transcontinental Realty Investors by 182.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust's stock valued at $67,000 after buying an additional 1,505 shares during the last quarter. Finally, TCW Group Inc. lifted 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 purchasing an additional 3,618 shares during the last quarter.

Analyst Ratings Changes

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

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.