Transcontinental Realty Investors (NYSE:TCI) Earns Sell Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Transcontinental Realty Investors (NYSE:TCI - Get Free Report) in a note issued to investors on Sunday. The brokerage set a "sell" rating on the real estate investment trust's stock.

Transcontinental Realty Investors Trading Down 4.8 %

NYSE TCI traded down $1.44 during trading hours on Friday, hitting $28.56. 834 shares of the company's stock were exchanged, compared to its average volume of 3,924. Transcontinental Realty Investors has a 1-year low of $25.50 and a 1-year high of $35.93. The stock has a 50-day simple moving average of $28.26 and a 200 day simple moving average of $28.29. The firm has a market cap of $246.69 million, a price-to-earnings ratio of 77.18 and a beta of 0.24.

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

Insider Transactions at Transcontinental Realty Investors

In other news, major shareholder Realty Invest Transcontinental acquired 1,500 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of $17.62 per share, for a total transaction of $26,430.00. Following the completion of the acquisition, the insider now directly owns 3,404,748 shares in the company, valued at $59,991,659.76. The trade was a 0.04 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have purchased 32,858 shares of company stock valued at $586,695 in the last 90 days. 86.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Transcontinental Realty Investors

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in Transcontinental Realty Investors by 99.6% during the fourth quarter. JPMorgan Chase & Co. now owns 4,648 shares of the real estate investment trust's stock worth $139,000 after buying an additional 2,319 shares during the last quarter. TCW Group Inc. raised its holdings in shares of Transcontinental Realty Investors by 5.3% in the 4th quarter. TCW Group Inc. now owns 71,987 shares of the real estate investment trust's stock worth $2,146,000 after acquiring an additional 3,618 shares during the last quarter. Barclays PLC raised its holdings in shares of Transcontinental Realty Investors by 261.9% in the 3rd quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 1,176 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Transcontinental Realty Investors by 1,073.0% in the 3rd 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.

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.