Transcontinental Realty Investors (NYSE:TCI) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a report issued on Wednesday. The firm set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Performance

Shares of TCI opened at $29.40 on Wednesday. The firm has a market cap of $253.94 million, a PE ratio of 79.45 and a beta of 0.24. Transcontinental Realty Investors has a 52-week low of $25.50 and a 52-week high of $31.92. The business’s 50 day moving average price is $28.44 and its two-hundred day moving average price is $28.27.

Transcontinental Realty Investors (NYSE:TCI) last released its earnings results on Thursday, March 20th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $11.79 million for the quarter. Transcontinental Realty Investors had a net margin of 6.55% and a return on equity of 0.38%.

Insider Activity at Transcontinental Realty Investors

In other news, major shareholder Realty Invest Transcontinental bought 1,500 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average cost of $17.62 per share, for a total transaction of $26,430.00. Following the acquisition, the insider now directly owns 3,404,748 shares in the company, valued at approximately $59,991,659.76. This trade represents a 0.04 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 11,180 shares of company stock valued at $196,491 in the last three months. Corporate insiders own 86.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TCI. Barclays PLC grew its holdings 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 last quarter. JPMorgan Chase & Co. lifted its position in Transcontinental Realty Investors by 182.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 1,505 shares in the last quarter. Finally, TCW Group Inc. boosted its stake in 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 valued at $2,146,000 after purchasing an additional 3,618 shares during the last quarter.

Transcontinental Realty Investors Company Profile

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.