Insider Buying: Transcontinental Realty Investors, Inc. (NYSE:TCI) Major Shareholder Acquires $390,204.00 in Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental acquired 21,678 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were bought at an average cost of $18.00 per share, with a total value of $390,204.00. Following the completion of the acquisition, the insider now directly owns 3,403,248 shares in the company, valued at $61,258,464. The trade was a 0.64 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Transcontinental Realty Investors Price Performance

Shares of TCI opened at $26.65 on Friday. Transcontinental Realty Investors, Inc. has a 1 year low of $25.50 and a 1 year high of $41.34. The stock has a 50 day simple moving average of $28.46 and a two-hundred day simple moving average of $28.63. The firm has a market cap of $230.21 million, a P/E ratio of 72.01 and a beta of 0.52.

Transcontinental Realty Investors (NYSE:TCI) last announced its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter. The company had revenue of $11.61 million during the quarter. Transcontinental Realty Investors had a net margin of 6.55% and a return on equity of 0.38%.

Institutional Trading of Transcontinental Realty Investors

Several hedge funds have recently added to or reduced their stakes in TCI. Renaissance Technologies LLC bought a new position in shares of Transcontinental Realty Investors during the second quarter valued at about $219,000. TCW Group Inc. boosted its holdings in Transcontinental Realty Investors by 5.3% during 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 acquiring an additional 3,618 shares during the period. BNP Paribas Financial Markets grew its position in Transcontinental Realty Investors by 1,073.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock worth $87,000 after acquiring an additional 2,779 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Transcontinental Realty Investors by 182.6% in the 3rd 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, 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 worth $47,000 after purchasing an additional 1,176 shares during the period.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Transcontinental Realty Investors in a research note on Saturday, February 1st. They set a “sell” rating for the company.

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.