Key Points
- Major shareholder Realty Invest Transcontinental bought 1,700 shares of Transcontinental Realty Investors at an average price of $17.89, lifting its direct stake to 3,449,104 shares worth about $61.7 million.
- The filing follows a series of recent insider purchases by the same shareholder across late March and May, indicating continued buying activity in TCI.
- Transcontinental Realty Investors reported Q1 earnings of $0.02 per share on $12.34 million in revenue, while the stock was trading around $36.31 and carries a consensus Sell rating.
Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) major shareholder Realty Invest Transcontinental purchased 1,520 shares of the business's stock in a transaction that occurred on Thursday, May 7th. The stock was bought at an average cost of $17.86 per share, for a total transaction of $27,147.20. Following the completion of the acquisition, the insider directly owned 3,445,049 shares of the company's stock, valued at $61,528,575.14. This represents a 0.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more 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 Tuesday, May 26th, Realty Invest Transcontinental purchased 1,700 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.89 per share, for a total transaction of $30,413.00.
- On Thursday, May 21st, Realty Invest Transcontinental purchased 2,002 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.95 per share, for a total transaction of $35,935.90.
- On Wednesday, May 20th, Realty Invest Transcontinental purchased 351 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.77 per share, for a total transaction of $6,237.27.
- On Friday, May 8th, Realty Invest Transcontinental purchased 2 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.75 per share, for a total transaction of $35.50.
- On Tuesday, May 5th, Realty Invest Transcontinental purchased 3,000 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.94 per share, for a total transaction of $53,820.00.
- On Monday, March 30th, Realty Invest Transcontinental purchased 2 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.75 per share, for a total transaction of $35.50.
- On Friday, March 27th, Realty Invest Transcontinental bought 40 shares of Transcontinental Realty Investors stock. The shares were acquired at an average cost of $17.75 per share, for a total transaction of $710.00.
Transcontinental Realty Investors Stock Performance
Shares of NYSE:TCI opened at $36.31 on Friday. The stock has a market capitalization of $313.72 million, a price-to-earnings ratio of 33.31 and a beta of 0.54. Transcontinental Realty Investors, Inc. has a 1-year low of $31.48 and a 1-year high of $59.65. The company's fifty day moving average is $36.98 and its two-hundred day moving average is $44.21.
Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last issued its earnings results on Thursday, May 7th. The real estate investment trust reported $0.02 earnings per share for the quarter. The company had revenue of $12.34 million for the quarter. Transcontinental Realty Investors had a net margin of 18.94% and a negative return on equity of 0.02%.
Key Headlines Impacting Transcontinental Realty Investors
Here are the key news stories impacting Transcontinental Realty Investors this week:
- Positive Sentiment: Major shareholder Realty Invest Transcontinental disclosed another purchase of 1,700 shares at $17.89 each, adding to a pattern of insider buying over the past several weeks. Article Title
- Positive Sentiment: The insider has also bought shares repeatedly in prior transactions this spring, including purchases of 2,002 shares, 351 shares, 1,520 shares, and 3,000 shares, reinforcing a consistent accumulation trend. Article Title
- Neutral Sentiment: TCI recently reported quarterly earnings of $0.02 per share on revenue of $12.34 million, with a 18.94% net margin but a slightly negative return on equity. These results provide mixed fundamental signals and may be limiting the stock’s upside. Article Title
- Negative Sentiment: The company still carries a consensus “Sell” rating, and recent rating actions from Weiss Ratings and Wall Street Zen remain cautious, which could temper enthusiasm despite the insider buying. Article Title
Institutional Trading of Transcontinental Realty Investors
A number of large investors have recently modified their holdings of TCI. Russell Investments Group Ltd. increased its holdings in shares of Transcontinental Realty Investors by 1,664.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 13,038 shares of the real estate investment trust's stock worth $601,000 after acquiring an additional 12,299 shares during the period. Geode Capital Management LLC increased its holdings in shares of Transcontinental Realty Investors by 33.1% in the 2nd quarter. Geode Capital Management LLC now owns 35,728 shares of the real estate investment trust's stock worth $1,523,000 after acquiring an additional 8,883 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Transcontinental Realty Investors in the 3rd quarter worth about $228,000. Goldman Sachs Group Inc. acquired a new stake in shares of Transcontinental Realty Investors in the 4th quarter worth about $270,000. Finally, RBF Capital LLC acquired a new stake in shares of Transcontinental Realty Investors in the 4th quarter worth about $214,000.
Analysts Set New Price Targets
A number of brokerages have weighed in on TCI. Weiss Ratings cut shares of Transcontinental Realty Investors from a "sell (d+)" rating to a "sell (d)" rating in a report on Monday, May 11th. Wall Street Zen raised shares of Transcontinental Realty Investors to a "sell" rating in a report on Saturday, May 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of "Sell".
Read Our Latest Analysis on TCI
Transcontinental Realty Investors Company Profile
(
Get Free Report)
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.
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