Transcontinental Realty Investors (NYSE:TCI) Earns Sell Rating from Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Transcontinental Realty Investors (NYSE:TCI - Get Free Report) in a research note issued on Friday. The firm set a "sell" rating on the real estate investment trust's stock.

Transcontinental Realty Investors Trading Up 3.2%

TCI opened at $34.23 on Friday. The stock's 50 day simple moving average is $29.12 and its 200-day simple moving average is $28.57. The stock has a market cap of $295.71 million, a PE ratio of 92.51 and a beta of 0.34. Transcontinental Realty Investors has a 1 year low of $25.50 and a 1 year high of $36.33.

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

Insider Buying and Selling

In related news, major shareholder Realty Invest Transcontinental purchased 2,500 shares of the stock in a transaction on Wednesday, April 23rd. The shares were purchased 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 of the company's stock, valued at approximately $59,480,900.90. The trade was a 0.07% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 20,659 shares of company stock valued at $362,765 over the last quarter. Corporate insiders own 86.20% of the company's stock.

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 the company. TCW Group Inc. raised its position in 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 purchasing an additional 3,618 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Transcontinental Realty Investors by 99.6% in the 4th quarter. JPMorgan Chase & Co. now owns 4,648 shares of the real estate investment trust's stock valued at $139,000 after buying an additional 2,319 shares during the period. Finally, Barclays PLC increased its stake in shares of 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 buying an additional 1,176 shares during the period.

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.

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