Transcontinental Realty Investors, Inc. (NYSE:TCI) Major Shareholder Realty Invest Transcontinental Purchases 21,678 Shares

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) major shareholder Realty Invest Transcontinental acquired 21,678 shares of Transcontinental Realty Investors stock in a transaction on Wednesday, January 29th. The shares were bought at an average price of $18.00 per share, with a total value of $390,204.00. Following the completion of the transaction, the insider now directly owns 3,403,248 shares of the company's stock, valued at $61,258,464. This trade represents a 0.64 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Transcontinental Realty Investors Trading Up 1.1 %

TCI traded up $0.29 on Friday, hitting $26.95. 2,738 shares of the company's stock were exchanged, compared to its average volume of 2,949. Transcontinental Realty Investors, Inc. has a fifty-two week low of $25.50 and a fifty-two week high of $41.34. The stock has a market cap of $232.88 million, a price-to-earnings ratio of 72.85 and a beta of 0.52. The firm has a 50-day moving average price of $28.44 and a 200-day moving average price of $28.59.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last released 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 company had revenue of $11.61 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Transcontinental Realty Investors in a research report on Saturday, February 1st. They issued a "sell" rating on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TCI. TCW Group Inc. raised its position 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 purchasing an additional 382 shares during the period. Barclays PLC raised its holdings in 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 valued at $47,000 after buying an additional 1,176 shares during the period. JPMorgan Chase & Co. lifted its position 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 buying an additional 1,505 shares during the last quarter. BNP Paribas Financial Markets boosted its stake 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 buying an additional 2,779 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Transcontinental Realty Investors during the second quarter valued at about $219,000.

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.