Realty Invest Transcontinental Purchases 1,000 Shares of Transcontinental Realty Investors (NYSE:TCI) Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental bought 1,000 shares of the stock in a transaction dated Thursday, June 11th. The stock was purchased at an average cost of $17.80 per share, for a total transaction of $17,800.00. Following the acquisition, the insider owned 3,455,735 shares in the company, valued at $61,512,083. The trade was a 0.03% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large 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, June 23rd, Realty Invest Transcontinental purchased 1,300 shares of Transcontinental Realty Investors stock. The shares were acquired at an average cost of $17.88 per share, with a total value of $23,244.00.
• On Monday, June 22nd, Realty Invest Transcontinental purchased 1,500 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.75 per share, with a total value of $26,625.00.
• On Thursday, June 18th, Realty Invest Transcontinental acquired 352 shares of Transcontinental Realty Investors stock. The stock was bought at an average price of $17.85 per share, with a total value of $6,283.20.
• On Tuesday, June 16th, Realty Invest Transcontinental purchased 1,653 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.76 per share, with a total value of $29,357.28.
• On Monday, June 15th, Realty Invest Transcontinental bought 1,517 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.81 per share, with a total value of $27,017.77.
• On Friday, June 12th, Realty Invest Transcontinental acquired 91 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $17.50 per share, with a total value of $1,592.50.
• On Tuesday, June 9th, Realty Invest Transcontinental purchased 1,000 shares of Transcontinental Realty Investors stock. The shares were acquired at an average cost of $17.74 per share, with a total value of $17,740.00.
• On Monday, June 8th, Realty Invest Transcontinental acquired 2,000 shares of Transcontinental Realty Investors stock. The stock was acquired at an average price of $17.50 per share, for a total transaction of $35,000.00.
• On Friday, June 5th, Realty Invest Transcontinental acquired 2,474 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.83 per share, for a total transaction of $44,111.42.
• On Thursday, June 4th, Realty Invest Transcontinental acquired 157 shares of Transcontinental Realty Investors stock. The shares were bought at an average cost of $17.77 per share, with a total value of $2,789.89.

Transcontinental Realty Investors Trading Up 0.3%

Transcontinental Realty Investors stock opened at $46.50 on Wednesday. The firm has a market capitalization of $401.71 million, a P/E ratio of 42.66 and a beta of 0.49. The business has a 50-day moving average of $39.14 and a 200-day moving average of $43.41. Transcontinental Realty Investors, Inc. has a 1 year low of $31.48 and a 1 year high of $59.65.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TCI. Weiss Ratings raised shares of Transcontinental Realty Investors from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. Wall Street Zen upgraded shares of Transcontinental Realty Investors to a “sell” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Key Headlines Impacting Transcontinental Realty Investors

Here are the key news stories impacting Transcontinental Realty Investors this week:

• Positive Sentiment: Major shareholder Realty Invest Transcontinental has continued to buy TCI shares in several recent transactions, reinforcing a bullish insider signal that may be supporting the stock. SEC filing
• Neutral Sentiment: The purchases were relatively small compared with the insider’s very large existing stake, so they are more a confidence signal than a meaningful ownership shift. SEC filing
• Neutral Sentiment: The recent buys were made around $17.50 to $17.88 per share, suggesting the insider may view those levels as attractive. SEC filing

Institutional Investors Weigh In On Transcontinental Realty Investors

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in Transcontinental Realty Investors by 33.1% during the second quarter. Geode Capital Management LLC now owns 35,728 shares of the real estate investment trust’s stock worth $1,523,000 after purchasing an additional 8,883 shares during the period. Russell Investments Group Ltd. raised its position in shares of Transcontinental Realty Investors by 85.7% in 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Transcontinental Realty Investors by 43.9% in the second 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. Raymond James Financial Inc. acquired a new stake in shares of Transcontinental Realty Investors during the 2nd quarter worth about $68,000. Finally, Bank of America Corp DE boosted its holdings 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 worth $56,000 after buying an additional 424 shares during the period.

Transcontinental Realty Investors Company Profile

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.