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

Equities researchers at StockNews.com started coverage on shares of Transcontinental Realty Investors (NYSE:TCI - Get Free Report) in a research note issued on Tuesday. The firm set a "sell" rating on the real estate investment trust's stock.

Transcontinental Realty Investors Stock Down 2.7 %

Shares of TCI stock traded down $0.80 during trading on Tuesday, reaching $28.94. 7,941 shares of the company's stock were exchanged, compared to its average volume of 3,319. Transcontinental Realty Investors has a twelve month low of $25.50 and a twelve month high of $41.34. The firm's fifty day moving average price is $28.18 and its 200-day moving average price is $28.39. The stock has a market capitalization of $249.97 million, a PE ratio of 78.20 and a beta of 0.52.

Insider Activity at Transcontinental Realty Investors

In other news, major shareholder Realty Invest Transcontinental bought 21,678 shares of the stock in a transaction dated Wednesday, January 29th. The shares were bought at an average price of $18.00 per share, for a total transaction of $390,204.00. Following the completion of the purchase, the insider now owns 3,403,248 shares in the company, valued at approximately $61,258,464. This trade represents a 0.64 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 86.20% of the stock is owned by company insiders.

Institutional Trading of Transcontinental Realty Investors

Several institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased 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 worth $87,000 after buying an additional 2,779 shares during the period. Barclays PLC raised its stake 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 purchasing an additional 1,176 shares in the last quarter. TCW Group Inc. boosted its holdings in Transcontinental Realty Investors by 0.6% in the 3rd 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. Finally, JPMorgan Chase & Co. grew its position in shares of Transcontinental Realty Investors by 182.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust's stock worth $67,000 after purchasing an additional 1,505 shares in the last quarter.

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.