Equities researchers at StockNews.com started coverage on shares of Transcontinental Realty Investors (NYSE:TCI - Get Free Report) in a report issued on Friday. The brokerage set a "sell" rating on the real estate investment trust's stock.
Transcontinental Realty Investors Stock Performance
Transcontinental Realty Investors stock traded up $1.08 during midday trading on Friday, reaching $29.08. 1,383 shares of the company were exchanged, compared to its average volume of 3,981. The company has a market capitalization of $251.22 million, a price-to-earnings ratio of 78.59 and a beta of 0.52. Transcontinental Realty Investors has a 1 year low of $25.50 and a 1 year high of $38.10. The firm's 50-day simple moving average is $28.06 and its 200-day simple moving average is $28.27.
Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $11.79 million during the quarter. Transcontinental Realty Investors had a return on equity of 0.38% and a net margin of 6.55%.
Insider Transactions at Transcontinental Realty Investors
In other news, major shareholder Realty Invest Transcontinental purchased 21,678 shares of Transcontinental Realty Investors stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average price of $18.00 per share, for a total transaction of $390,204.00. Following the transaction, the insider now 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 purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 86.20% of the company's stock.
Institutional Trading of Transcontinental Realty Investors
Institutional investors have recently made changes to their positions in the stock. TCW Group Inc. increased its stake in shares of Transcontinental Realty Investors by 5.3% during the 4th quarter. TCW Group Inc. now owns 71,987 shares of the real estate investment trust's stock worth $2,146,000 after purchasing an additional 3,618 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of 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 worth $87,000 after acquiring an additional 2,779 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Transcontinental Realty Investors by 99.6% during the 4th quarter. JPMorgan Chase & Co. now owns 4,648 shares of the real estate investment trust's stock worth $139,000 after purchasing an additional 2,319 shares in the last quarter. Finally, Barclays PLC raised its stake 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 valued at $47,000 after purchasing an additional 1,176 shares in the last quarter.
Transcontinental Realty Investors Company Profile
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Get Free Report)
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.
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