Key Points
- Realty Invest Transcontinental, a major shareholder, bought 1,263 shares of Transcontinental Realty Investors on Dec. 1 at an average price of $17.80, bringing its stake to 3,437,738 shares (valued at about $61.19M) and disclosing the purchase in an SEC filing; the firm has made several small additional buys across Oct–Dec.
- TCI shares traded up 5.8% to $50.79 recently; the company has a market cap of about $438.8M, a 52-week range of $25.50–$51.71, a P/E near 79.4, reported $0.08 EPS last quarter, and carries a consensus analyst rating of Hold.
Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) major shareholder Realty Invest Transcontinental bought 1,263 shares of Transcontinental Realty Investors stock in a transaction on Monday, December 1st. The shares were purchased at an average cost of $17.80 per share, for a total transaction of $22,481.40. Following the acquisition, the insider owned 3,437,738 shares in the company, valued at $61,191,736.40. The trade was a 0.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Realty Invest Transcontinental also recently made the following trade(s):
- On Monday, December 8th, Realty Invest Transcontinental acquired 2 shares of Transcontinental Realty Investors stock. The shares were purchased at an average price of $17.85 per share, for a total transaction of $35.70.
- On Thursday, December 4th, Realty Invest Transcontinental bought 56 shares of Transcontinental Realty Investors stock. The shares were acquired at an average cost of $17.85 per share, for a total transaction of $999.60.
- On Wednesday, December 3rd, Realty Invest Transcontinental purchased 110 shares of Transcontinental Realty Investors stock. The stock was acquired at an average price of $17.85 per share, for a total transaction of $1,963.50.
- On Tuesday, December 2nd, Realty Invest Transcontinental acquired 3 shares of Transcontinental Realty Investors stock. The shares were acquired at an average cost of $17.80 per share, with a total value of $53.40.
- On Thursday, November 6th, Realty Invest Transcontinental acquired 2 shares of Transcontinental Realty Investors stock. The shares were acquired at an average price of $17.80 per share, for a total transaction of $35.60.
- On Friday, October 31st, Realty Invest Transcontinental bought 41 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.80 per share, for a total transaction of $729.80.
- On Wednesday, October 29th, Realty Invest Transcontinental bought 3 shares of Transcontinental Realty Investors stock. The stock was bought at an average price of $17.80 per share, with a total value of $53.40.
- On Tuesday, October 28th, Realty Invest Transcontinental purchased 173 shares of Transcontinental Realty Investors stock. The shares were bought at an average price of $17.80 per share, for a total transaction of $3,079.40.
- On Wednesday, October 22nd, Realty Invest Transcontinental purchased 2 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.80 per share, for a total transaction of $35.60.
- On Tuesday, October 7th, Realty Invest Transcontinental acquired 150 shares of Transcontinental Realty Investors stock. The shares were bought at an average price of $17.75 per share, with a total value of $2,662.50.
Transcontinental Realty Investors Trading Up 5.8%
TCI traded up $2.79 during trading on Friday, reaching $50.79. 3,518 shares of the company were exchanged, compared to its average volume of 1,656. Transcontinental Realty Investors, Inc. has a 52 week low of $25.50 and a 52 week high of $51.71. The firm has a 50 day moving average of $44.97 and a 200 day moving average of $43.93. The stock has a market cap of $438.79 million, a P/E ratio of 79.35 and a beta of 0.45.
Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter. Transcontinental Realty Investors had a net margin of 11.52% and a return on equity of 0.30%. The company had revenue of $12.84 million during the quarter.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its holdings in Transcontinental Realty Investors by 85.7% during the second quarter. Russell Investments Group Ltd. now owns 739 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 341 shares in the last quarter. MAI Capital Management acquired a new stake in shares of Transcontinental Realty Investors in the third quarter valued at $42,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Transcontinental Realty Investors by 43.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,032 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 315 shares in the last quarter. Bank of America Corp DE grew its holdings in Transcontinental Realty Investors by 47.9% during the second quarter. Bank of America Corp DE now owns 1,310 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 424 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Transcontinental Realty Investors in the second quarter worth about $68,000.
Analyst Ratings Changes
Separately, Weiss Ratings restated a "hold (c)" rating on shares of Transcontinental Realty Investors in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold".
Read Our Latest Stock Report on TCI
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.
Further Reading
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