StockNews.com initiated coverage on shares of Transcontinental Realty Investors (NYSE:TCI – Free Report) 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
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.
Featured Stories
- Five stocks we like better than Transcontinental Realty Investors
- What is the Euro STOXX 50 Index?
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- Profitably Trade Stocks at 52-Week Highs
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- How to start investing in penny stocks
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for Transcontinental Realty Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Transcontinental Realty Investors and related companies with MarketBeat.com's FREE daily email newsletter.