StockNews.com Begins Coverage on Transcontinental Realty Investors (NYSE:TCI)

StockNews.com began coverage on shares of Transcontinental Realty Investors (NYSE:TCI - Free Report) in a report released on Tuesday morning. The brokerage issued a sell rating on the real estate investment trust's stock.

Transcontinental Realty Investors Price Performance

NYSE:TCI traded up $0.04 on Tuesday, reaching $28.05. The stock had a trading volume of 2,979 shares, compared to its average volume of 3,919. The company has a market cap of $242.32 million, a price-to-earnings ratio of 75.81 and a beta of 0.24. Transcontinental Realty Investors has a 12-month low of $25.50 and a 12-month high of $31.92. The firm's fifty day moving average is $28.49 and its two-hundred day moving average is $28.28.

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 (EPS) for the quarter. The business had revenue of $11.79 million for the quarter. Transcontinental Realty Investors had a net margin of 6.55% and a return on equity of 0.38%.

Insider Buying and Selling at Transcontinental Realty Investors

In other news, major shareholder Realty Invest Transcontinental acquired 1,500 shares of the company's stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $17.62 per share, for a total transaction of $26,430.00. Following the acquisition, the insider now directly owns 3,404,748 shares in the company, valued at approximately $59,991,659.76. This represents a 0.04 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders acquired 32,858 shares of company stock worth $586,695 in the last 90 days. 86.20% of the stock is owned by company insiders.

Institutional Trading of Transcontinental Realty Investors

A number of institutional investors have recently modified their holdings of the company. Barclays PLC lifted its stake in shares of Transcontinental Realty Investors by 261.9% during the third 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. JPMorgan Chase & Co. lifted its position in 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 acquiring an additional 1,505 shares in the last quarter. Finally, TCW Group Inc. boosted its holdings in Transcontinental Realty Investors by 5.3% in the 4th quarter. TCW Group Inc. now owns 71,987 shares of the real estate investment trust's stock worth $2,146,000 after acquiring an additional 3,618 shares during the period.

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.