Insider Buying: Transcontinental Realty Investors (NYSE:TCI) Major Shareholder Buys $26,625.00 in Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental purchased 1,500 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was acquired at an average price of $17.75 per share, with a total value of $26,625.00. Following the completion of the purchase, the insider owned 3,460,847 shares in the company, valued at $61,430,034.25. This represents a 0.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, June 23rd, Realty Invest Transcontinental acquired 1,300 shares of Transcontinental Realty Investors stock. The shares were acquired at an average cost of $17.88 per share, for a total transaction of $23,244.00.
• On Thursday, June 18th, Realty Invest Transcontinental acquired 352 shares of Transcontinental Realty Investors stock. The stock was acquired at an average price of $17.85 per share, for a total transaction of $6,283.20.
• On Tuesday, June 16th, Realty Invest Transcontinental acquired 1,653 shares of Transcontinental Realty Investors stock. The stock was acquired at an average price of $17.76 per share, for a total transaction of $29,357.28.
• On Monday, June 15th, Realty Invest Transcontinental bought 1,517 shares of Transcontinental Realty Investors stock. The shares were acquired at an average cost of $17.81 per share, with a total value of $27,017.77.
• On Friday, June 12th, Realty Invest Transcontinental bought 91 shares of Transcontinental Realty Investors stock. The shares were acquired at an average price of $17.50 per share, with a total value of $1,592.50.
• On Thursday, June 11th, Realty Invest Transcontinental purchased 1,000 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.80 per share, for a total transaction of $17,800.00.
• On Tuesday, June 9th, Realty Invest Transcontinental purchased 1,000 shares of Transcontinental Realty Investors stock. The stock was bought at an average price of $17.74 per share, for a total transaction of $17,740.00.
• On Monday, June 8th, Realty Invest Transcontinental acquired 2,000 shares of Transcontinental Realty Investors stock. The shares were bought at an average cost of $17.50 per share, with a total value of $35,000.00.
• On Friday, June 5th, Realty Invest Transcontinental acquired 2,474 shares of Transcontinental Realty Investors stock. The shares were bought at an average price of $17.83 per share, with a total value of $44,111.42.
• On Thursday, June 4th, Realty Invest Transcontinental bought 157 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.77 per share, for a total transaction of $2,789.89.

Transcontinental Realty Investors Trading Up 0.9%

NYSE TCI opened at $45.89 on Thursday. Transcontinental Realty Investors, Inc. has a 12 month low of $31.48 and a 12 month high of $59.65. The stock has a market cap of $396.49 million, a P/E ratio of 42.10 and a beta of 0.49. The stock’s fifty day moving average price is $39.33 and its 200-day moving average price is $43.34.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wall Street Zen raised shares of Transcontinental Realty Investors to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings upgraded shares of Transcontinental Realty Investors from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Transcontinental Realty Investors has a consensus rating of “Sell”.

Institutional Investors Weigh In On Transcontinental Realty Investors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TCI. Russell Investments Group Ltd. lifted its holdings in Transcontinental Realty Investors by 85.7% during the second quarter. Russell Investments Group Ltd. now owns 739 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 341 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Transcontinental Realty Investors in the fourth quarter worth $33,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Transcontinental Realty Investors by 43.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,032 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 315 shares during the period. Bank of America Corp DE lifted its stake in shares of Transcontinental Realty Investors by 47.9% during the 2nd quarter. Bank of America Corp DE now owns 1,310 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 424 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Transcontinental Realty Investors during the 2nd quarter valued at $68,000.

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.