Insider Buying: Transcontinental Realty Investors (NYSE:TCI) Major Shareholder Acquires 1,520 Shares of Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental bought 1,520 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was purchased at an average cost of $17.86 per share, with a total value of $27,147.20. Following the purchase, the insider directly owned 3,445,049 shares in the company, valued at $61,528,575.14. The trade was a 0.04% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock 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 bought 1,700 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.89 per share, with a total value of $30,413.00.
• On Thursday, May 21st, Realty Invest Transcontinental bought 2,002 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.95 per share, with a total value of $35,935.90.
• On Wednesday, May 20th, Realty Invest Transcontinental bought 351 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.77 per share, with a total value of $6,237.27.
• On Friday, May 8th, Realty Invest Transcontinental bought 2 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.75 per share, with a total value of $35.50.
• On Tuesday, May 5th, Realty Invest Transcontinental bought 3,000 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.94 per share, with a total value of $53,820.00.
• On Monday, March 30th, Realty Invest Transcontinental bought 2 shares of Transcontinental Realty Investors stock. The stock was purchased 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 purchased at an average cost of $17.75 per share, with a total value of $710.00.

Transcontinental Realty Investors Stock Performance

TCI stock traded up $0.64 during trading on Thursday, hitting $36.31. The stock had a trading volume of 3,277 shares, compared to its average volume of 4,793. The company’s 50 day moving average price is $36.95 and its two-hundred day moving average price is $44.27. Transcontinental Realty Investors, Inc. has a 1-year low of $31.48 and a 1-year high of $59.65. The stock has a market cap of $313.72 million, a price-to-earnings ratio of 33.31 and a beta of 0.54.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TCI. Russell Investments Group Ltd. increased its stake in shares of Transcontinental Realty Investors by 1,664.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 13,038 shares of the real estate investment trust’s stock valued at $601,000 after acquiring an additional 12,299 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Transcontinental Realty Investors by 33.1% during the 2nd quarter. Geode Capital Management LLC now owns 35,728 shares of the real estate investment trust’s stock valued at $1,523,000 after acquiring an additional 8,883 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Transcontinental Realty Investors during the 3rd quarter valued at about $228,000. Goldman Sachs Group Inc. acquired a new position in shares of Transcontinental Realty Investors during the 4th quarter valued at about $270,000. Finally, RBF Capital LLC acquired a new position in shares of Transcontinental Realty Investors during the 4th quarter valued at about $214,000.

Analyst Ratings Changes

TCI has been the subject of a number of research analyst reports. Weiss Ratings downgraded shares of Transcontinental Realty Investors from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Wall Street Zen raised shares of Transcontinental Realty Investors to a “sell” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.