Insider Buying: Transcontinental Realty Investors (NYSE:TCI) Major Shareholder Purchases 3,000 Shares of Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental acquired 3,000 shares of Transcontinental Realty Investors stock in a transaction that occurred on Tuesday, May 5th. The shares were purchased at an average cost of $17.94 per share, for a total transaction of $53,820.00. Following the purchase, the insider directly owned 3,443,529 shares in the company, valued at $61,776,910.26. The trade was a 0.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Realty Invest Transcontinental also recently made the following trade(s):

• On Tuesday, May 26th, Realty Invest Transcontinental purchased 1,700 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.89 per share, for a total transaction of $30,413.00.
• On Thursday, May 21st, Realty Invest Transcontinental purchased 2,002 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.95 per share, for a total transaction of $35,935.90.
• On Wednesday, May 20th, Realty Invest Transcontinental purchased 351 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.77 per share, for a total transaction of $6,237.27.
• On Friday, May 8th, Realty Invest Transcontinental purchased 2 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.75 per share, for a total transaction of $35.50.
• On Thursday, May 7th, Realty Invest Transcontinental acquired 1,520 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.86 per share, for a total transaction of $27,147.20.
• On Monday, March 30th, Realty Invest Transcontinental bought 2 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.75 per share, with a total value of $35.50.
• On Friday, March 27th, Realty Invest Transcontinental bought 40 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.75 per share, with a total value of $710.00.

Transcontinental Realty Investors Stock Performance

Transcontinental Realty Investors stock traded up $0.64 during mid-day trading on Thursday, reaching $36.31. The company’s stock had a trading volume of 3,277 shares, compared to its average volume of 4,793. The company has a market capitalization of $313.72 million, a price-to-earnings ratio of 33.31 and a beta of 0.54. Transcontinental Realty Investors, Inc. has a 12 month low of $31.48 and a 12 month high of $59.65. The business’s 50 day simple moving average is $36.95 and its 200 day simple moving average is $44.27.

Transcontinental Realty Investors (NYSE:TCI) last issued its earnings results on Thursday, May 7th. The real estate investment trust reported $0.02 earnings per share for the quarter. The business had revenue of $12.34 million for the quarter. Transcontinental Realty Investors had a net margin of 18.94% and a negative return on equity of 0.02%.

Analyst Upgrades and Downgrades

TCI has been the topic of several research reports. Wall Street Zen upgraded shares of Transcontinental Realty Investors to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings cut shares of Transcontinental Realty Investors from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Transcontinental Realty Investors

A number of hedge funds have recently made changes to their positions in the business. Empowered Funds LLC bought a new stake in shares of Transcontinental Realty Investors during the 4th quarter worth $82,000. Russell Investments Group Ltd. raised its stake in shares of Transcontinental Realty Investors by 9.6% during the 4th quarter. Russell Investments Group Ltd. now owns 14,292 shares of the real estate investment trust’s stock worth $838,000 after purchasing an additional 1,254 shares during the period. RBF Capital LLC bought a new stake in shares of Transcontinental Realty Investors during the 4th quarter worth $214,000. Barclays PLC raised its stake in shares of Transcontinental Realty Investors by 10.5% during the 4th quarter. Barclays PLC now owns 2,960 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 282 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in shares of Transcontinental Realty Investors during the 4th quarter worth $33,000.

About Transcontinental Realty Investors

Transcontinental Realty Investors, Inc is a publicly traded real estate investment company listed on the NYSE under the ticker TCI. The company specializes in the acquisition, ownership and operation of neighborhood and community shopping centers. Its core focus is on open?air retail properties anchored by grocery stores, pharmacies and national discount retailers, providing stable tenant demand and long?term lease structures.

The firm’s portfolio comprises a diversified collection of retail shopping centers located primarily in the Midwest and Southern regions of the United States.