Realty Invest Transcontinental Purchases 2,000 Shares of Transcontinental Realty Investors (NYSE:TCI) Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental purchased 2,000 shares of the business’s stock in a transaction on Monday, June 8th. The shares were acquired at an average cost of $17.50 per share, for a total transaction of $35,000.00. Following the completion of the transaction, the insider directly owned 3,453,735 shares in the company, valued at approximately $60,440,362.50. This represents a 0.06% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, June 23rd, Realty Invest Transcontinental acquired 1,300 shares of Transcontinental Realty Investors stock. The stock was bought at an average price of $17.88 per share, with a total value of $23,244.00.
• On Monday, June 22nd, Realty Invest Transcontinental bought 1,500 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost of $17.75 per share, for a total transaction of $26,625.00.
• On Thursday, June 18th, Realty Invest Transcontinental purchased 352 shares of Transcontinental Realty Investors stock. The shares were bought at an average cost of $17.85 per share, with a total value of $6,283.20.
• On Tuesday, June 16th, Realty Invest Transcontinental purchased 1,653 shares of Transcontinental Realty Investors stock. The stock was bought at an average price of $17.76 per share, with a total value of $29,357.28.
• On Monday, June 15th, Realty Invest Transcontinental purchased 1,517 shares of Transcontinental Realty Investors stock. The shares were bought at an average cost of $17.81 per share, for a total transaction of $27,017.77.
• On Friday, June 12th, Realty Invest Transcontinental acquired 91 shares of Transcontinental Realty Investors stock. The shares were bought at an average price of $17.50 per share, for a total transaction of $1,592.50.
• On Thursday, June 11th, Realty Invest Transcontinental bought 1,000 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost of $17.80 per share, with a total value of $17,800.00.
• On Tuesday, June 9th, Realty Invest Transcontinental bought 1,000 shares of Transcontinental Realty Investors stock. The shares were purchased at an average price of $17.74 per share, for a total transaction of $17,740.00.
• On Friday, June 5th, Realty Invest Transcontinental purchased 2,474 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $17.83 per share, for a total transaction of $44,111.42.
• On Thursday, June 4th, Realty Invest Transcontinental purchased 157 shares of Transcontinental Realty Investors stock. The stock was purchased at an average price of $17.77 per share, with a total value of $2,789.89.

Transcontinental Realty Investors Price Performance

Shares of TCI stock opened at $46.50 on Wednesday. The company has a fifty day moving average price of $39.14 and a two-hundred day moving average price of $43.41. Transcontinental Realty Investors, Inc. has a one year low of $31.48 and a one year high of $59.65. The stock has a market cap of $401.71 million, a P/E ratio of 42.66 and a beta of 0.49.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on TCI. Wall Street Zen upgraded Transcontinental Realty Investors to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded Transcontinental Realty Investors from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Transcontinental Realty Investors presently has an average rating of “Sell”.

Hedge Funds Weigh In On Transcontinental Realty Investors

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Transcontinental Realty Investors by 33.1% during 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 purchasing an additional 8,883 shares during the last quarter. Russell Investments Group Ltd. grew its holdings 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Transcontinental Realty Investors by 43.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,032 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 315 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Transcontinental Realty Investors during the second quarter worth $68,000. Finally, Bank of America Corp DE lifted its holdings in shares of 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 buying an additional 424 shares in the last quarter.

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 has continued to buy TCI shares in several recent transactions, reinforcing a bullish insider signal that may be supporting the stock. SEC filing
• Neutral Sentiment: The purchases were relatively small compared with the insider’s very large existing stake, so they are more a confidence signal than a meaningful ownership shift. SEC filing
• Neutral Sentiment: The recent buys were made around $17.50 to $17.88 per share, suggesting the insider may view those levels as attractive. SEC filing

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.