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

Equities research analysts at StockNews.com initiated coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research note issued to investors on Friday. The firm set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Price Performance

Transcontinental Realty Investors stock opened at $27.96 on Friday. The stock’s 50 day moving average is $28.06 and its 200 day moving average is $28.27. The firm has a market cap of $241.50 million, a P/E ratio of 75.55 and a beta of 0.52. Transcontinental Realty Investors has a one year low of $25.50 and a one year high of $38.10.

Transcontinental Realty Investors (NYSE:TCI) last issued its quarterly earnings results on Thursday, March 20th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter. Transcontinental Realty Investors had a return on equity of 0.38% and a net margin of 6.55%. The firm had revenue of $11.79 million for the quarter.

Insider Buying and Selling 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 cost 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 86.20% of the company’s stock.

Hedge Funds Weigh In On Transcontinental Realty Investors

A number of institutional investors have recently modified their holdings of the company. TCW Group Inc. raised its position 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 worth $2,146,000 after purchasing an additional 3,618 shares during the period. JPMorgan Chase & Co. grew its holdings in Transcontinental Realty Investors by 99.6% during the fourth quarter. JPMorgan Chase & Co. now owns 4,648 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 2,319 shares in the last quarter. BNP Paribas Financial Markets grew its holdings 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 in the last quarter. Finally, Barclays PLC grew its holdings in 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 buying an additional 1,176 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.