Transcontinental Realty Investors (NYSE:TCI) Major Shareholder Buys $27,017.77 in Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental bought 1,517 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were bought at an average price of $17.81 per share, with a total value of $27,017.77. Following the completion of the transaction, the insider owned 3,457,343 shares in the company, valued at approximately $61,575,278.83. This trade represents a 0.04% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 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 Tuesday, June 23rd, Realty Invest Transcontinental purchased 1,300 shares of Transcontinental Realty Investors stock. The stock was bought at an average price of $17.88 per share, for a total transaction of $23,244.00.
• On Monday, June 22nd, Realty Invest Transcontinental purchased 1,500 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.75 per share, with a total value of $26,625.00.
• On Thursday, June 18th, Realty Invest Transcontinental purchased 352 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.85 per share, with a total value of $6,283.20.
• On Tuesday, June 16th, Realty Invest Transcontinental acquired 1,653 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $17.76 per share, with a total value of $29,357.28.
• On Friday, June 12th, Realty Invest Transcontinental acquired 91 shares of Transcontinental Realty Investors stock. The shares were purchased at an average price of $17.50 per share, for a total transaction of $1,592.50.
• On Thursday, June 11th, Realty Invest Transcontinental bought 1,000 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.80 per share, for a total transaction of $17,800.00.
• On Tuesday, June 9th, Realty Invest Transcontinental bought 1,000 shares of Transcontinental Realty Investors stock. The stock was purchased at an average price of $17.74 per share, with a total value of $17,740.00.
• On Monday, June 8th, Realty Invest Transcontinental bought 2,000 shares of Transcontinental Realty Investors stock. The stock was purchased at an average price of $17.50 per share, with a total value of $35,000.00.
• On Friday, June 5th, Realty Invest Transcontinental purchased 2,474 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $17.83 per share, with a total value of $44,111.42.
• On Thursday, June 4th, Realty Invest Transcontinental purchased 157 shares of Transcontinental Realty Investors stock. The shares were purchased at an average price of $17.77 per share, for a total transaction of $2,789.89.

Transcontinental Realty Investors Price Performance

Shares of NYSE:TCI opened at $45.89 on Thursday. The company’s 50 day simple moving average is $39.33 and its 200 day simple moving average is $43.34. The stock has a market capitalization of $396.49 million, a price-to-earnings ratio of 42.10 and a beta of 0.49. Transcontinental Realty Investors, Inc. has a 1 year low of $31.48 and a 1 year high of $59.65.

Transcontinental Realty Investors (NYSE:TCI) last announced its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.02 EPS for the quarter. Transcontinental Realty Investors had a net margin of 18.94% and a negative return on equity of 0.02%. The business had revenue of $12.34 million during the quarter.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings upgraded Transcontinental Realty Investors from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. Wall Street Zen raised Transcontinental Realty Investors to a “sell” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Trading of Transcontinental Realty Investors

Several institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. increased its holdings in Transcontinental Realty Investors by 1,664.3% in the third quarter. Russell Investments Group Ltd. now owns 13,038 shares of the real estate investment trust’s stock valued at $601,000 after purchasing an additional 12,299 shares during the period. Geode Capital Management LLC lifted its holdings in Transcontinental Realty Investors by 33.1% during the 2nd quarter. Geode Capital Management LLC now owns 35,728 shares of the real estate investment trust’s stock worth $1,523,000 after buying an additional 8,883 shares during the period. Citadel Advisors LLC acquired a new position in Transcontinental Realty Investors during the 3rd quarter worth about $228,000. Goldman Sachs Group Inc. bought a new stake in shares of Transcontinental Realty Investors in the 4th quarter valued at about $270,000. Finally, RBF Capital LLC bought a new stake in shares of Transcontinental Realty Investors in the 4th quarter valued at about $214,000.

About Transcontinental Realty Investors

Transcontinental Realty Investors, Inc is a publicly traded real estate investment company listed on the NYSE under the ticker TCI. The company specializes in the acquisition, ownership and operation of neighborhood and community shopping centers. Its core focus is on open‐air retail properties anchored by grocery stores, pharmacies and national discount retailers, providing stable tenant demand and long‐term lease structures.

The firm’s portfolio comprises a diversified collection of retail shopping centers located primarily in the Midwest and Southern regions of the United States.