Transcontinental Realty Investors, Inc. (NYSE:TCI) Major Shareholder Acquires $61,775.00 in Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) major shareholder Realty Invest Transcontinental bought 3,500 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $17.65 per share, for a total transaction of $61,775.00. Following the transaction, the insider now owns 3,408,248 shares in the company, valued at approximately $60,155,577.20. The trade was a 0.10 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 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 Monday, March 31st, Realty Invest Transcontinental purchased 1,700 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $17.48 per share, with a total value of $29,716.00.
• On Thursday, March 27th, Realty Invest Transcontinental acquired 2,000 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.49 per share, with a total value of $34,980.00.
• On Monday, March 24th, Realty Invest Transcontinental purchased 2,000 shares of Transcontinental Realty Investors stock. The stock was acquired at an average price of $17.60 per share, for a total transaction of $35,200.00.
• On Friday, March 21st, Realty Invest Transcontinental acquired 480 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.48 per share, for a total transaction of $8,390.40.
• On Monday, March 10th, Realty Invest Transcontinental bought 1,500 shares of Transcontinental Realty Investors stock. The shares were bought at an average cost of $17.62 per share, with a total value of $26,430.00.
• On Wednesday, January 29th, Realty Invest Transcontinental acquired 21,678 shares of Transcontinental Realty Investors stock. The shares were bought at an average price of $18.00 per share, with a total value of $390,204.00.

Transcontinental Realty Investors Trading Up 0.4 %

Shares of Transcontinental Realty Investors stock traded up $0.12 during trading on Friday, hitting $28.23. 1,438 shares of the stock traded hands, compared to its average volume of 3,903. Transcontinental Realty Investors, Inc. has a 52-week low of $25.50 and a 52-week high of $35.00. The stock's fifty day simple moving average is $28.29 and its 200 day simple moving average is $28.29. The firm has a market cap of $243.84 million, a P/E ratio of 76.28 and a beta of 0.24.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TCI. Barclays PLC raised its holdings in 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 purchasing an additional 1,176 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Transcontinental Realty Investors by 182.6% in 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. BNP Paribas Financial Markets increased its position in shares of 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 purchasing an additional 2,779 shares in the last quarter. Finally, TCW Group Inc. boosted its position in shares of Transcontinental Realty Investors by 0.6% in the 3rd quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust's stock worth $1,968,000 after purchasing an additional 382 shares in the last quarter.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Transcontinental Realty Investors in a report on Sunday, April 6th. They issued 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.