StockNews.com assumed coverage on shares of Transcontinental Realty Investors (NYSE:TCI - Free Report) in a research report sent to investors on Thursday morning. The brokerage issued a sell rating on the real estate investment trust's stock.
Transcontinental Realty Investors Stock Performance
Shares of TCI traded down $0.44 during mid-day trading on Thursday, reaching $35.60. The stock had a trading volume of 4,487 shares, compared to its average volume of 3,463. Transcontinental Realty Investors has a 12 month low of $25.50 and a 12 month high of $36.68. The firm has a market cap of $307.55 million, a price-to-earnings ratio of 96.22 and a beta of 0.34. The business has a fifty day moving average of $28.79 and a 200 day moving average of $28.45.
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 EPS for the quarter. Transcontinental Realty Investors had a net margin of 6.55% and a return on equity of 0.38%. The business had revenue of $12.01 million for the quarter.
Insiders Place Their Bets
In related news, major shareholder Realty Invest Transcontinental bought 2,500 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was bought at an average cost of $17.35 per share, with a total value of $43,375.00. Following the completion of the acquisition, the insider now owns 3,428,294 shares of the company's stock, valued at $59,480,900.90. This trade represents a 0.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased a total of 20,659 shares of company stock valued at $362,765 over the last quarter. Company insiders own 86.20% of the company's stock.
Institutional Trading of Transcontinental Realty Investors
Several hedge funds have recently added to or reduced their stakes in the business. Barclays PLC lifted its stake 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 acquiring an additional 1,176 shares in the last quarter. JPMorgan Chase & Co. increased its position in Transcontinental Realty Investors by 182.6% during the third 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. raised its holdings in shares of Transcontinental Realty Investors by 5.3% during 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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