StockNews.com Initiates Coverage on Transcontinental Realty Investors (NYSE:TCI)

StockNews.com began coverage on shares of Transcontinental Realty Investors (NYSE:TCI - Free Report) in a research report released on Tuesday. The firm issued a sell rating on the real estate investment trust's stock.

Transcontinental Realty Investors Price Performance

Transcontinental Realty Investors stock traded down $0.70 during trading hours on Tuesday, reaching $27.31. The stock had a trading volume of 2,905 shares, compared to its average volume of 3,830. The company has a market cap of $235.89 million, a price-to-earnings ratio of 73.80 and a beta of 0.24. The business's 50 day moving average price is $28.49 and its 200-day moving average price is $28.28. Transcontinental Realty Investors has a 52 week low of $25.50 and a 52 week high of $31.92.

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 EPS 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 $11.79 million during the quarter.

Insider Activity

In related news, major shareholder Realty Invest Transcontinental acquired 1,500 shares of the business's stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of $17.62 per share, for a total transaction of $26,430.00. Following the completion of the acquisition, the insider now directly owns 3,404,748 shares in the company, valued at $59,991,659.76. The trade was a 0.04 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders acquired 32,858 shares of company stock worth $586,695. Insiders own 86.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. TCW Group Inc. lifted its holdings 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 period. JPMorgan Chase & Co. boosted its stake in shares of Transcontinental Realty Investors by 99.6% during the 4th quarter. JPMorgan Chase & Co. now owns 4,648 shares of the real estate investment trust's stock worth $139,000 after acquiring an additional 2,319 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Transcontinental Realty Investors by 261.9% in 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 in the last quarter.

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.