Realty Invest Transcontinental Purchases 1,263 Shares of Transcontinental Realty Investors (NYSE:TCI) Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental acquired 1,263 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average cost of $17.80 per share, with a total value of $22,481.40. Following the completion of the acquisition, the insider owned 3,437,738 shares of the company’s stock, valued at $61,191,736.40. The trade was a 0.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 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 Monday, December 8th, Realty Invest Transcontinental bought 2 shares of Transcontinental Realty Investors stock. The stock was purchased at an average price of $17.85 per share, with a total value of $35.70.
• On Thursday, December 4th, Realty Invest Transcontinental purchased 56 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $17.85 per share, for a total transaction of $999.60.
• On Wednesday, December 3rd, Realty Invest Transcontinental acquired 110 shares of Transcontinental Realty Investors stock. The shares were purchased at an average price of $17.85 per share, for a total transaction of $1,963.50.
• On Tuesday, December 2nd, Realty Invest Transcontinental acquired 3 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.80 per share, with a total value of $53.40.
• On Thursday, November 6th, Realty Invest Transcontinental bought 2 shares of Transcontinental Realty Investors stock. The shares were acquired at an average price of $17.80 per share, with a total value of $35.60.
• On Friday, October 31st, Realty Invest Transcontinental bought 41 shares of Transcontinental Realty Investors stock. The shares were acquired at an average cost of $17.80 per share, for a total transaction of $729.80.
• On Wednesday, October 29th, Realty Invest Transcontinental purchased 3 shares of Transcontinental Realty Investors stock. The stock was acquired at an average price of $17.80 per share, for a total transaction of $53.40.
• On Tuesday, October 28th, Realty Invest Transcontinental acquired 173 shares of Transcontinental Realty Investors stock. The shares were acquired at an average price of $17.80 per share, for a total transaction of $3,079.40.
• On Wednesday, October 22nd, Realty Invest Transcontinental bought 2 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.80 per share, for a total transaction of $35.60.
• On Tuesday, October 7th, Realty Invest Transcontinental bought 150 shares of Transcontinental Realty Investors stock. The stock was bought at an average price of $17.75 per share, with a total value of $2,662.50.

Transcontinental Realty Investors Price Performance

Shares of NYSE TCI traded up $2.79 during mid-day trading on Friday, hitting $50.79. The company had a trading volume of 3,518 shares, compared to its average volume of 2,686. Transcontinental Realty Investors, Inc. has a 12 month low of $25.50 and a 12 month high of $51.71. The stock has a market cap of $438.79 million, a price-to-earnings ratio of 79.35 and a beta of 0.45. The firm’s 50 day simple moving average is $44.88 and its two-hundred day simple moving average is $43.81.

Transcontinental Realty Investors (NYSE:TCI) last announced its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter. Transcontinental Realty Investors had a net margin of 11.52% and a return on equity of 0.30%. The company had revenue of $12.84 million during the quarter.

Institutional Trading of Transcontinental Realty Investors

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 worth $44,000 after acquiring an additional 315 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Transcontinental Realty Investors by 85.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 739 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 341 shares in the last quarter. Bank of America Corp DE grew its position in Transcontinental Realty Investors by 47.9% in the second quarter. Bank of America Corp DE now owns 1,310 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 424 shares in the last quarter. JPMorgan Chase & Co. increased its position in Transcontinental Realty Investors by 37.6% during the third quarter. JPMorgan Chase & Co. now owns 2,669 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 730 shares during the last quarter. Finally, MAI Capital Management acquired a new stake in Transcontinental Realty Investors in the 3rd quarter worth approximately $42,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Transcontinental Realty Investors in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About Transcontinental Realty Investors

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.