Insider Buying: Transcontinental Realty Investors (NYSE:TCI) Major Shareholder Acquires $23,244.00 in Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental purchased 1,300 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was purchased at an average price of $17.88 per share, with a total value of $23,244.00. Following the transaction, the insider owned 3,462,147 shares of the company’s stock, valued at approximately $61,903,188.36. This represents a 0.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major 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 Monday, June 22nd, Realty Invest Transcontinental purchased 1,500 shares of Transcontinental Realty Investors stock. The shares were purchased 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 stock was acquired at an average price of $17.85 per share, for a total transaction of $6,283.20.
• On Tuesday, June 16th, Realty Invest Transcontinental acquired 1,653 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.76 per share, for a total transaction of $29,357.28.
• On Monday, June 15th, Realty Invest Transcontinental acquired 1,517 shares of Transcontinental Realty Investors stock. The stock was acquired at an average cost of $17.81 per share, for a total transaction of $27,017.77.
• On Friday, June 12th, Realty Invest Transcontinental bought 91 shares of Transcontinental Realty Investors stock. The shares were acquired at an average price of $17.50 per share, with a total value of $1,592.50.
• On Thursday, June 11th, Realty Invest Transcontinental bought 1,000 shares of Transcontinental Realty Investors stock. The shares were acquired at an average price 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 acquired at an average price of $17.74 per share, with a total value of $17,740.00.
• On Monday, June 8th, Realty Invest Transcontinental purchased 2,000 shares of Transcontinental Realty Investors stock. The stock was 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 purchased 2,474 shares of Transcontinental Realty Investors stock. The stock was acquired at an average price of $17.83 per share, for a total transaction of $44,111.42.
• On Thursday, June 4th, Realty Invest Transcontinental acquired 157 shares of Transcontinental Realty Investors stock. The shares were acquired at an average cost of $17.77 per share, with a total value of $2,789.89.

Transcontinental Realty Investors Price Performance

Shares of TCI opened at $45.89 on Thursday. Transcontinental Realty Investors, Inc. has a 1-year low of $31.48 and a 1-year high of $59.65. The stock has a market cap of $396.49 million, a price-to-earnings ratio of 42.10 and a beta of 0.49. The firm has a 50 day simple moving average of $39.33 and a 200-day simple moving average of $43.34.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Empowered Funds LLC purchased a new position in shares of Transcontinental Realty Investors during the 4th quarter worth $82,000. Russell Investments Group Ltd. grew its position in shares of Transcontinental Realty Investors by 9.6% in the fourth quarter. Russell Investments Group Ltd. now owns 14,292 shares of the real estate investment trust’s stock valued at $838,000 after purchasing an additional 1,254 shares during the period. RBF Capital LLC acquired a new position in Transcontinental Realty Investors in the fourth quarter valued at $214,000. Barclays PLC increased its stake in Transcontinental Realty Investors by 10.5% in the fourth quarter. Barclays PLC now owns 2,960 shares of the real estate investment trust’s stock valued at $174,000 after purchasing an additional 282 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Transcontinental Realty Investors during the fourth quarter worth about $33,000.

Wall Street Analyst Weigh In

A number of research firms recently commented on TCI. Weiss Ratings raised Transcontinental Realty Investors from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. Wall Street Zen raised shares of Transcontinental Realty Investors to a “sell” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Transcontinental Realty Investors currently has a consensus rating of “Sell”.

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.