Equities research analysts at StockNews.com began coverage on shares of Transcontinental Realty Investors (NYSE:TCI - Get Free Report) in a research report issued on Wednesday. The brokerage set a "sell" rating on the real estate investment trust's stock.
Transcontinental Realty Investors Stock Up 2.3 %
Shares of TCI traded up $0.64 during mid-day trading on Wednesday, hitting $28.67. 1,336 shares of the company's stock were exchanged, compared to its average volume of 4,169. The firm has a fifty day moving average of $28.17 and a two-hundred day moving average of $28.37. Transcontinental Realty Investors has a twelve month low of $25.50 and a twelve month high of $41.34. The stock has a market cap of $247.64 million, a price-to-earnings ratio of 77.47 and a beta of 0.52.
Insider Transactions at Transcontinental Realty Investors
In other news, major shareholder Realty Invest Transcontinental acquired 21,678 shares of the firm's stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average cost of $18.00 per share, with a total value of $390,204.00. Following the acquisition, the insider now owns 3,403,248 shares in the company, valued at approximately $61,258,464. This represents a 0.64 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 86.20% of the stock is currently owned by company insiders.
Institutional Trading of Transcontinental Realty Investors
Several large investors have recently modified their holdings of the company. TCW Group Inc. boosted its holdings in shares of Transcontinental Realty Investors by 0.6% during the 3rd quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust's stock worth $1,968,000 after buying an additional 382 shares during the period. Barclays PLC boosted its holdings in shares of Transcontinental Realty Investors by 261.9% during 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. JPMorgan Chase & Co. boosted its holdings 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 buying an additional 1,505 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings 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 purchasing an additional 2,779 shares during the period.
Transcontinental Realty Investors Company Profile
(
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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