Realty Invest Transcontinental Purchases 1,000 Shares of Transcontinental Realty Investors (NYSE:TCI) Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were purchased at an average cost of $17.74 per share, for a total transaction of $17,740.00. Following the acquisition, the insider owned 3,454,735 shares of the company’s stock, valued at $61,286,998.90. This represents a 0.03% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares 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 purchased 1,300 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost 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 shares were acquired at an average cost of $17.75 per share, with a total value of $26,625.00.
• On Thursday, June 18th, Realty Invest Transcontinental acquired 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 cost of $17.76 per share, for a total transaction of $29,357.28.
• On Monday, June 15th, Realty Invest Transcontinental bought 1,517 shares of Transcontinental Realty Investors stock. The stock was purchased at an average price of $17.81 per share, with a total value of $27,017.77.
• On Friday, June 12th, Realty Invest Transcontinental acquired 91 shares of Transcontinental Realty Investors stock. The shares were purchased at an average price of $17.50 per share, for a total transaction of $1,592.50.
• On Thursday, June 11th, Realty Invest Transcontinental purchased 1,000 shares of Transcontinental Realty Investors stock. The shares were acquired at an average price of $17.80 per share, for a total transaction of $17,800.00.
• On Monday, June 8th, Realty Invest Transcontinental bought 2,000 shares of Transcontinental Realty Investors stock. The shares were acquired at an average cost of $17.50 per share, for a total transaction of $35,000.00.
• On Friday, June 5th, Realty Invest Transcontinental acquired 2,474 shares of Transcontinental Realty Investors stock. The stock was bought at an average price 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 bought at an average cost of $17.77 per share, for a total transaction of $2,789.89.

Transcontinental Realty Investors Price Performance

Shares of TCI stock opened at $46.50 on Wednesday. Transcontinental Realty Investors, Inc. has a fifty-two week low of $31.48 and a fifty-two week high of $59.65. The stock’s 50-day moving average is $39.14 and its two-hundred day moving average is $43.41. The firm 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 released its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.02 earnings per share for the quarter. Transcontinental Realty Investors had a net margin of 18.94% and a negative return on equity of 0.02%. The business had revenue of $12.34 million for the quarter.

Trending Headlines about 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

Wall Street Analyst Weigh In

TCI has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Transcontinental Realty Investors to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings raised Transcontinental Realty Investors from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Transcontinental Realty Investors has an average rating of “Sell”.

Institutional Investors Weigh In On Transcontinental Realty Investors

Several institutional investors and hedge funds have recently bought and sold shares of TCI. Russell Investments Group Ltd. lifted its holdings in shares of Transcontinental Realty Investors by 85.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 739 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 341 shares during the period. Kestra Advisory Services LLC bought a new stake in Transcontinental Realty Investors in the fourth quarter valued at about $33,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Transcontinental Realty Investors by 43.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,032 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 315 shares in the last quarter. Bank of America Corp DE raised its position in Transcontinental Realty Investors by 47.9% in 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 purchasing an additional 424 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Transcontinental Realty Investors during the second quarter worth about $68,000.

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.