StockNews.com began coverage on shares of Transcontinental Realty Investors (NYSE:TCI - Free Report) in a research note released on Friday. The firm issued a sell rating on the real estate investment trust's stock.
Transcontinental Realty Investors Stock Down 2.1%
TCI stock traded down $0.74 during midday trading on Friday, hitting $34.52. The company's stock had a trading volume of 1,653 shares, compared to its average volume of 3,436. The firm has a market capitalization of $298.18 million, a price-to-earnings ratio of 93.28 and a beta of 0.34. Transcontinental Realty Investors has a 12 month low of $25.50 and a 12 month high of $36.33. The company has a 50 day moving average of $29.59 and a two-hundred day moving average of $28.76.
Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter. The business had revenue of $12.01 million for the quarter. Transcontinental Realty Investors had a return on equity of 0.38% and a net margin of 6.55%.
Insider Activity at Transcontinental Realty Investors
In other news, major shareholder Realty Invest Transcontinental purchased 3,500 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $17.65 per share, for a total transaction of $61,775.00. Following the completion of the purchase, the insider now owns 3,408,248 shares in the company, valued at approximately $60,155,577.20. This represents a 0.10% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have purchased 20,659 shares of company stock worth $362,765. Company insiders own 86.20% of the company's stock.
Hedge Funds Weigh In On Transcontinental Realty Investors
Several institutional investors have recently made changes to their positions in TCI. TCW Group Inc. increased its stake 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 valued at $2,146,000 after buying an additional 3,618 shares during the period. 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 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% during the third 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
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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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