Realty Invest Transcontinental Purchases 2,500 Shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental bought 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were purchased at an average cost of $17.35 per share, with a total value of $43,375.00. Following the purchase, the insider now directly owns 3,428,294 shares of the company’s stock, valued at approximately $59,480,900.90. This represents a 0.07 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Realty Invest Transcontinental also recently made the following trade(s):

• On Wednesday, April 30th, Realty Invest Transcontinental acquired 21 shares of Transcontinental Realty Investors stock. The shares were acquired at an average price of $17.21 per share, with a total value of $361.41.
• On Monday, April 28th, Realty Invest Transcontinental bought 1,000 shares of Transcontinental Realty Investors stock. The stock was acquired at an average price of $17.48 per share, for a total transaction of $17,480.00.
• On Friday, April 25th, Realty Invest Transcontinental bought 1,192 shares of Transcontinental Realty Investors stock. The shares were acquired at an average price of $17.49 per share, with a total value of $20,848.08.
• On Monday, April 21st, Realty Invest Transcontinental acquired 1,500 shares of Transcontinental Realty Investors stock. The shares were bought at an average price of $17.80 per share, with a total value of $26,700.00.
• On Wednesday, April 16th, Realty Invest Transcontinental bought 374 shares of Transcontinental Realty Investors stock. The shares were bought at an average cost of $17.70 per share, for a total transaction of $6,619.80.
• On Monday, April 14th, Realty Invest Transcontinental purchased 1,773 shares of Transcontinental Realty Investors stock. The stock was bought at an average price of $17.66 per share, with a total value of $31,311.18.
• On Friday, April 11th, Realty Invest Transcontinental purchased 79 shares of Transcontinental Realty Investors stock. The stock was purchased at an average price of $17.75 per share, with a total value of $1,402.25.
• On Tuesday, April 8th, Realty Invest Transcontinental acquired 40 shares of Transcontinental Realty Investors stock. The shares were purchased at an average price of $17.40 per share, for a total transaction of $696.00.
• On Thursday, April 3rd, Realty Invest Transcontinental purchased 1,000 shares of Transcontinental Realty Investors stock. The shares were acquired at an average price of $17.48 per share, for a total transaction of $17,480.00.
• On Monday, March 31st, Realty Invest Transcontinental acquired 1,700 shares of Transcontinental Realty Investors stock. The shares were acquired at an average price of $17.48 per share, with a total value of $29,716.00.

Transcontinental Realty Investors Trading Up 4.7 %

Shares of NYSE:TCI opened at $30.80 on Thursday. The firm has a market cap of $266.04 million, a price-to-earnings ratio of 83.23 and a beta of 0.34. Transcontinental Realty Investors, Inc. has a 1 year low of $25.50 and a 1 year high of $32.50. The business has a fifty day simple moving average of $28.52 and a 200 day simple moving average of $28.32.

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

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Transcontinental Realty Investors in a research note on Thursday. They issued a “sell” rating on the stock.

Institutional Trading of Transcontinental Realty Investors

A number of institutional investors have recently added to or reduced their stakes in TCI. JPMorgan Chase & Co. lifted its stake in shares of 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 purchasing an additional 2,319 shares during the last quarter. TCW Group Inc. lifted its position in shares of Transcontinental Realty Investors by 5.3% in the fourth quarter. TCW Group Inc. now owns 71,987 shares of the real estate investment trust’s stock worth $2,146,000 after buying an additional 3,618 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Transcontinental Realty Investors by 261.9% in the third quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 1,176 shares during the last quarter.

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.