StockNews.com initiated coverage on shares of Transcontinental Realty Investors (NYSE:TCI - Free Report) in a report released on Wednesday morning. The firm issued a sell rating on the real estate investment trust's stock.
Transcontinental Realty Investors Price Performance
Shares of TCI traded up $0.78 during midday trading on Wednesday, reaching $29.96. 206 shares of the stock were exchanged, compared to its average volume of 3,623. The company has a market capitalization of $258.82 million, a price-to-earnings ratio of 80.97 and a beta of 0.24. Transcontinental Realty Investors has a twelve month low of $25.50 and a twelve month high of $31.92. The business's 50-day moving average price is $28.47 and its 200 day moving average price is $28.29.
Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The real estate investment trust reported $0.01 earnings per share for the quarter. The company had revenue of $11.79 million during the quarter. Transcontinental Realty Investors had a return on equity of 0.38% and a net margin of 6.55%.
Insider Transactions at Transcontinental Realty Investors
In related news, major shareholder Realty Invest Transcontinental purchased 1,700 shares of the business's stock in a transaction dated Monday, March 31st. The stock was acquired at an average price of $17.48 per share, for a total transaction of $29,716.00. Following the acquisition, the insider now directly owns 3,415,928 shares of the company's stock, valued at $59,710,421.44. This trade represents a 0.05 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders acquired 11,180 shares of company stock valued at $196,491. Corporate insiders own 86.20% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in TCI. Barclays PLC raised its holdings in 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 purchasing an additional 1,176 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of 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 buying an additional 1,505 shares during the last quarter. Finally, TCW Group Inc. boosted its position in shares of Transcontinental Realty Investors by 5.3% in 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 in the last quarter.
Transcontinental Realty Investors Company Profile
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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.
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