Transcontinental Realty Investors (NYSE:TCI) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Transcontinental Realty Investors (NYSE:TCI - Free Report) in a research note published on Monday morning. The firm issued a sell rating on the real estate investment trust's stock.

Transcontinental Realty Investors Trading Down 2.5 %

NYSE:TCI traded down $0.71 during midday trading on Monday, hitting $27.99. 1,375 shares of the company traded hands, compared to its average volume of 3,505. The firm's fifty day moving average is $28.18 and its 200-day moving average is $28.40. The firm has a market capitalization of $241.83 million, a P/E ratio of 75.65 and a beta of 0.52. Transcontinental Realty Investors has a 12-month low of $25.50 and a 12-month high of $41.34.

Insider Activity at Transcontinental Realty Investors

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental acquired 21,678 shares of the company's stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average price of $18.00 per share, for a total transaction of $390,204.00. Following the acquisition, the insider now directly owns 3,403,248 shares in the company, valued at $61,258,464. The trade was a 0.64 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 86.20% of the stock is currently owned by insiders.

Institutional Trading of Transcontinental Realty Investors

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC grew its holdings 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 purchasing an additional 1,176 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of 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 worth $67,000 after acquiring an additional 1,505 shares during the period. BNP Paribas Financial Markets raised its stake 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 valued at $87,000 after acquiring an additional 2,779 shares in the last quarter. Finally, TCW Group Inc. boosted its holdings in shares of 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 purchasing an additional 382 shares during the period.

Transcontinental Realty Investors Company Profile

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.