Transcontinental Realty Investors (NYSE:TCI) Major Shareholder Buys $27,147.20 in Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental acquired 1,520 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was purchased at an average cost of $17.86 per share, for a total transaction of $27,147.20. Following the completion of the purchase, the insider directly owned 3,445,049 shares in the company, valued at $61,528,575.14. This trade represents a 0.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, May 26th, Realty Invest Transcontinental acquired 1,700 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.89 per share, for a total transaction of $30,413.00.
• On Thursday, May 21st, Realty Invest Transcontinental acquired 2,002 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.95 per share, for a total transaction of $35,935.90.
• On Wednesday, May 20th, Realty Invest Transcontinental acquired 351 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.77 per share, for a total transaction of $6,237.27.
• On Friday, May 8th, Realty Invest Transcontinental acquired 2 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.75 per share, for a total transaction of $35.50.
• On Tuesday, May 5th, Realty Invest Transcontinental acquired 3,000 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.94 per share, for a total transaction of $53,820.00.
• On Monday, March 30th, Realty Invest Transcontinental acquired 2 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.75 per share, for a total transaction of $35.50.
• On Friday, March 27th, Realty Invest Transcontinental acquired 40 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.75 per share, for a total transaction of $710.00.

Transcontinental Realty Investors Stock Performance

TCI traded up $0.64 during trading on Thursday, hitting $36.31. The stock had a trading volume of 3,277 shares, compared to its average volume of 4,793. The firm has a market capitalization of $313.72 million, a P/E ratio of 33.31 and a beta of 0.54. The company’s 50-day moving average price is $36.95 and its 200 day moving average price is $44.27. Transcontinental Realty Investors, Inc. has a twelve month low of $31.48 and a twelve month 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 earnings per share (EPS) for the quarter. The company had revenue of $12.34 million for the quarter. Transcontinental Realty Investors had a net margin of 18.94% and a negative return on equity of 0.02%.

Institutional Investors Weigh In On Transcontinental Realty Investors

Several institutional investors and hedge funds have recently made changes to their positions in the business. Empowered Funds LLC purchased a new stake in shares of Transcontinental Realty Investors in the 4th quarter worth about $82,000. Russell Investments Group Ltd. boosted its position in shares of Transcontinental Realty Investors by 9.6% in the 4th quarter. Russell Investments Group Ltd. now owns 14,292 shares of the real estate investment trust’s stock worth $838,000 after buying an additional 1,254 shares in the last quarter. RBF Capital LLC purchased a new stake in shares of Transcontinental Realty Investors in the 4th quarter worth about $214,000. Barclays PLC boosted its position in shares of Transcontinental Realty Investors by 10.5% in the 4th quarter. Barclays PLC now owns 2,960 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 282 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Transcontinental Realty Investors in the 4th quarter worth about $33,000.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TCI. Weiss Ratings lowered shares of Transcontinental Realty Investors from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Wall Street Zen upgraded shares of Transcontinental Realty Investors to a “sell” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Transcontinental Realty Investors has an average rating of “Sell”.

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.