StockNews.com began coverage on shares of Transcontinental Realty Investors (NYSE:TCI - Free Report) in a research note released on Monday morning. The brokerage issued a sell rating on the real estate investment trust's stock.
Transcontinental Realty Investors Stock Down 0.1 %
Shares of NYSE TCI traded down $0.02 during trading hours on Monday, reaching $28.08. 1,662 shares of the stock traded hands, compared to its average volume of 3,893. The company has a market capitalization of $242.58 million, a P/E ratio of 75.89 and a beta of 0.24. The company's 50-day simple moving average is $28.35 and its two-hundred day simple moving average is $28.29. Transcontinental Realty Investors has a 52-week low of $25.50 and a 52-week high of $33.39.
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 earnings per share for the quarter. Transcontinental Realty Investors had a net margin of 6.55% and a return on equity of 0.38%. The firm had revenue of $11.79 million during the quarter.
Insider Transactions at Transcontinental Realty Investors
In other news, major shareholder Realty Invest Transcontinental bought 1,500 shares of the business's stock in a transaction dated Monday, March 10th. The shares were 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 owns 3,404,748 shares of the company's stock, valued at approximately $59,991,659.76. This trade represents a 0.04 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have purchased 32,858 shares of company stock worth $586,695. Company insiders own 86.20% of the company's stock.
Institutional Investors Weigh In On Transcontinental Realty Investors
Institutional investors have recently added to or reduced their stakes in the company. TCW Group Inc. raised its stake in shares of Transcontinental Realty Investors by 5.3% during the fourth quarter. TCW Group Inc. now owns 71,987 shares of the real estate investment trust's stock valued at $2,146,000 after acquiring an additional 3,618 shares during the last quarter. BNP Paribas Financial Markets raised its position in Transcontinental Realty Investors by 1,073.0% during 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 purchasing an additional 2,779 shares during the last quarter. JPMorgan Chase & Co. raised its position in 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 valued at $139,000 after purchasing an additional 2,319 shares during the last quarter. Finally, Barclays PLC lifted 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 worth $47,000 after buying an additional 1,176 shares during the period.
About Transcontinental Realty Investors
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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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