Insider Buying: Transcontinental Realty Investors (NYSE:TCI) Major Shareholder Purchases 1,700 Shares of Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental bought 1,700 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $17.89 per share, for a total transaction of $30,413.00. Following the transaction, the insider owned 3,449,104 shares in the company, valued at approximately $61,704,470.56. This represents a 0.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 Thursday, May 21st, Realty Invest Transcontinental bought 2,002 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $17.95 per share, for a total transaction of $35,935.90.
• On Wednesday, May 20th, Realty Invest Transcontinental bought 351 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $17.77 per share, for a total transaction of $6,237.27.
• On Friday, May 8th, Realty Invest Transcontinental bought 2 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $17.75 per share, for a total transaction of $35.50.
• On Thursday, May 7th, Realty Invest Transcontinental bought 1,520 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $17.86 per share, for a total transaction of $27,147.20.
• On Tuesday, May 5th, Realty Invest Transcontinental bought 3,000 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $17.94 per share, for a total transaction of $53,820.00.
• On Monday, March 30th, Realty Invest Transcontinental bought 2 shares of Transcontinental Realty Investors stock. The shares were purchased 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 purchased at an average cost of $17.75 per share, for a total transaction of $710.00.

Transcontinental Realty Investors Stock Performance

Shares of Transcontinental Realty Investors stock traded up $0.64 during mid-day trading on Thursday, hitting $36.31. 3,277 shares of the stock were exchanged, compared to its average volume of 4,793. Transcontinental Realty Investors, Inc. has a 12 month low of $31.48 and a 12 month high of $59.65. The company has a 50-day simple moving average of $36.95 and a 200 day simple moving average of $44.27. The company has a market capitalization of $313.72 million, a P/E ratio of 33.31 and a beta of 0.54.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TCI. Russell Investments Group Ltd. grew its stake in Transcontinental Realty Investors by 85.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 739 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 341 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Transcontinental Realty Investors in the 4th quarter valued at approximately $33,000. MAI Capital Management purchased a new position in Transcontinental Realty Investors in the 3rd quarter valued at approximately $42,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Transcontinental Realty Investors by 43.9% in the 2nd 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. Finally, Bank of America Corp DE grew its stake in Transcontinental Realty Investors by 47.9% in the 2nd quarter. Bank of America Corp DE now owns 1,310 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 424 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms recently commented 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 research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

About Transcontinental Realty Investors

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.