Transcontinental Realty Investors (NYSE:TCI) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a report issued on Thursday. The firm issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Performance

Shares of NYSE:TCI opened at $28.63 on Thursday. The company has a market cap of $247.33 million, a PE ratio of 77.38 and a beta of 0.52. Transcontinental Realty Investors has a 52 week low of $25.50 and a 52 week high of $39.75. The firm has a 50 day simple moving average of $28.03 and a 200 day simple moving average of $28.32.

Insider Activity at Transcontinental Realty Investors

In related news, major shareholder Realty Invest Transcontinental acquired 21,678 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of $18.00 per share, for a total transaction of $390,204.00. Following the purchase, the insider now owns 3,403,248 shares in the company, valued at $61,258,464. This represents a 0.64 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 86.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in Transcontinental Realty Investors by 99.6% in the 4th quarter. JPMorgan Chase & Co. now owns 4,648 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 2,319 shares during the period. TCW Group Inc. increased its stake in Transcontinental Realty Investors by 5.3% in the 4th quarter. TCW Group Inc. now owns 71,987 shares of the real estate investment trust’s stock valued at $2,146,000 after buying an additional 3,618 shares during the period. Barclays PLC increased its stake in Transcontinental Realty Investors by 261.9% in the 3rd quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 1,176 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Transcontinental Realty Investors by 1,073.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock valued at $87,000 after buying an additional 2,779 shares during the period.

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.