Insider Buying: Transcontinental Realty Investors, Inc. (NYSE:TCI) Major Shareholder Acquires 21,678 Shares of Stock

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

Transcontinental Realty Investors Stock Up 1.0 %

TCI stock opened at $26.74 on Wednesday. The stock has a market capitalization of $230.99 million, a PE ratio of 72.26 and a beta of 0.52. Transcontinental Realty Investors, Inc. has a 52 week low of $25.50 and a 52 week high of $41.34. The firm has a 50 day moving average of $28.55 and a 200 day moving average of $28.66.

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

Institutional Trading of Transcontinental Realty Investors

Several large investors have recently added to or reduced their stakes in TCI. Barclays PLC raised its stake in shares of Transcontinental Realty Investors by 261.9% during the 3rd quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 1,176 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Transcontinental Realty Investors by 1,073.0% during the third 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 period. JPMorgan Chase & Co. raised its position in Transcontinental Realty Investors by 182.6% during the third quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 1,505 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Transcontinental Realty Investors during the second quarter valued at approximately $219,000. Finally, TCW Group Inc. lifted its holdings in Transcontinental Realty Investors by 0.6% in the third quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock valued at $1,968,000 after acquiring an additional 382 shares during the period.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Transcontinental Realty Investors in a research report on Saturday. They set a “sell” rating on the stock.

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.