Transcontinental Realty Investors (NYSE:TCI) Major Shareholder Realty Invest Transcontinental Buys 2,002 Shares

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental acquired 2,002 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was purchased at an average price of $17.95 per share, for a total transaction of $35,935.90. Following the acquisition, the insider directly owned 3,447,404 shares in the company, valued at $61,880,901.80. This represents a 0.06% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Realty Invest Transcontinental also recently made the following trade(s):

• On Tuesday, May 26th, Realty Invest Transcontinental acquired 1,700 shares of Transcontinental Realty Investors stock. The stock was purchased at an average price of $17.89 per share, for a total transaction of $30,413.00.
• On Wednesday, May 20th, Realty Invest Transcontinental acquired 351 shares of Transcontinental Realty Investors stock. The stock was purchased at an average price of $17.77 per share, for a total transaction of $6,237.27.
• On Friday, May 8th, Realty Invest Transcontinental acquired 2 shares of Transcontinental Realty Investors stock. The stock was purchased at an average price of $17.75 per share, for a total transaction of $35.50.
• On Thursday, May 7th, Realty Invest Transcontinental acquired 1,520 shares of Transcontinental Realty Investors stock. The stock was purchased at an average price of $17.86 per share, for a total transaction of $27,147.20.
• On Tuesday, May 5th, Realty Invest Transcontinental acquired 3,000 shares of Transcontinental Realty Investors stock. The stock was purchased at an average price of $17.94 per share, for a total transaction of $53,820.00.
• On Monday, March 30th, Realty Invest Transcontinental acquired 2 shares of Transcontinental Realty Investors stock. The stock was purchased at an average price of $17.75 per share, for a total transaction of $35.50.
• On Friday, March 27th, Realty Invest Transcontinental acquired 40 shares of Transcontinental Realty Investors stock. The stock was purchased at an average price of $17.75 per share, for a total transaction of $710.00.

Transcontinental Realty Investors Stock Performance

Shares of TCI stock opened at $36.31 on Friday. The stock’s fifty day moving average is $36.98 and its two-hundred day moving average is $44.21. The firm has a market capitalization of $313.72 million, a P/E ratio of 33.31 and a beta of 0.54. Transcontinental Realty Investors, Inc. has a fifty-two week low of $31.48 and a fifty-two week high of $59.65.

Transcontinental Realty Investors (NYSE:TCI) last announced its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.02 earnings per share for the quarter. Transcontinental Realty Investors had a negative return on equity of 0.02% and a net margin of 18.94%.The company had revenue of $12.34 million for the quarter.

Analysts Set New Price Targets

A number of analysts have issued reports on TCI shares. Wall Street Zen raised Transcontinental Realty Investors to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded Transcontinental Realty Investors from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Transcontinental Realty Investors has a consensus rating of “Sell”.

Institutional Trading of Transcontinental Realty Investors

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC acquired a new stake in shares of Transcontinental Realty Investors in the 4th quarter worth $82,000. Russell Investments Group Ltd. increased its stake in shares of Transcontinental Realty Investors by 9.6% in the 4th quarter. Russell Investments Group Ltd. now owns 14,292 shares of the real estate investment trust’s stock worth $838,000 after acquiring an additional 1,254 shares during the last quarter. RBF Capital LLC acquired a new stake in shares of Transcontinental Realty Investors during the 4th quarter worth about $214,000. Barclays PLC increased its position in shares of Transcontinental Realty Investors by 10.5% during the 4th quarter. Barclays PLC now owns 2,960 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 282 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Transcontinental Realty Investors during the 4th quarter worth about $33,000.

Transcontinental Realty Investors Company Profile

Transcontinental Realty Investors, Inc is a publicly traded real estate investment company listed on the NYSE under the ticker TCI. The company specializes in the acquisition, ownership and operation of neighborhood and community shopping centers. Its core focus is on open‐air retail properties anchored by grocery stores, pharmacies and national discount retailers, providing stable tenant demand and long‐term lease structures.

The firm’s portfolio comprises a diversified collection of retail shopping centers located primarily in the Midwest and Southern regions of the United States.