Transcontinental Realty Investors, Inc. (NYSE:TCI) Major Shareholder Buys $26,430.00 in Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental acquired 1,500 shares of Transcontinental Realty Investors stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of $17.62 per share, for a total transaction of $26,430.00. Following the purchase, the insider now directly owns 3,404,748 shares of the company’s stock, valued at approximately $59,991,659.76. This trade represents a 0.04 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 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 Monday, March 31st, Realty Invest Transcontinental acquired 1,700 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $17.48 per share, for a total transaction of $29,716.00.
• On Thursday, March 27th, Realty Invest Transcontinental acquired 2,000 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $17.49 per share, for a total transaction of $34,980.00.
• On Monday, March 24th, Realty Invest Transcontinental purchased 2,000 shares of Transcontinental Realty Investors stock. The shares were bought at an average cost of $17.60 per share, for a total transaction of $35,200.00.
• On Friday, March 21st, Realty Invest Transcontinental purchased 480 shares of Transcontinental Realty Investors stock. The shares were bought at an average cost of $17.48 per share, for a total transaction of $8,390.40.
• On Wednesday, March 12th, Realty Invest Transcontinental purchased 3,500 shares of Transcontinental Realty Investors stock. The shares were bought at an average cost of $17.65 per share, for a total transaction of $61,775.00.
• On Wednesday, January 29th, Realty Invest Transcontinental purchased 21,678 shares of Transcontinental Realty Investors stock. The shares were bought at an average cost of $18.00 per share, for a total transaction of $390,204.00.

Transcontinental Realty Investors Trading Up 3.3 %

TCI opened at $29.03 on Thursday. The company has a fifty day simple moving average of $28.22 and a 200 day simple moving average of $28.29. The firm has a market cap of $250.78 million, a price-to-earnings ratio of 78.46 and a beta of 0.24. Transcontinental Realty Investors, Inc. has a twelve month low of $25.50 and a twelve month high of $35.93.

Transcontinental Realty Investors (NYSE:TCI) last announced its quarterly earnings data on Thursday, March 20th. The real estate investment trust reported $0.01 earnings per share for the quarter. Transcontinental Realty Investors had a net margin of 6.55% and a return on equity of 0.38%. The company had revenue of $11.79 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Transcontinental Realty Investors in a research report on Sunday. They issued a “sell” rating for the company.

Hedge Funds Weigh In On Transcontinental Realty Investors

Hedge funds have recently made changes to their positions in the business. TCW Group Inc. increased its position in shares of Transcontinental Realty Investors by 0.6% in the third quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock worth $1,968,000 after acquiring an additional 382 shares in the last quarter. Barclays PLC boosted its holdings in shares of Transcontinental Realty Investors by 261.9% during the third quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,176 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Transcontinental Realty Investors by 182.6% during the third quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 1,505 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in Transcontinental Realty Investors by 1,073.0% in the third quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock valued at $87,000 after acquiring an additional 2,779 shares during the last quarter.

Transcontinental Realty Investors Company Profile

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.