Transcontinental Realty Investors (NYSE:TCI) Major Shareholder Purchases $29,357.28 in Stock

by · The Markets Daily

Transcontinental Realty Investors, Inc. (NYSE:TCI – Get Free Report) major shareholder Realty Invest Transcontinental bought 1,653 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average cost of $17.76 per share, for a total transaction of $29,357.28. Following the completion of the acquisition, the insider owned 3,458,996 shares in the company, valued at $61,431,768.96. This trade represents a 0.05% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% 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, June 23rd, Realty Invest Transcontinental purchased 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 acquired 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 acquired 352 shares of Transcontinental Realty Investors stock. The shares were bought at an average cost of $17.85 per share, for a total transaction of $6,283.20.
  • On Monday, June 15th, Realty Invest Transcontinental acquired 1,517 shares of Transcontinental Realty Investors stock. The shares were bought at an average price of $17.81 per share, with a total value of $27,017.77.
  • On Friday, June 12th, Realty Invest Transcontinental bought 91 shares of Transcontinental Realty Investors stock. The stock was purchased at an average cost 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 purchased at an average price of $17.80 per share, for a total transaction of $17,800.00.
  • On Tuesday, June 9th, Realty Invest Transcontinental purchased 1,000 shares of Transcontinental Realty Investors stock. The shares were purchased at an average cost of $17.74 per share, for a total transaction of $17,740.00.
  • On Monday, June 8th, Realty Invest Transcontinental purchased 2,000 shares of Transcontinental Realty Investors stock. The shares were purchased 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 purchased at an average price of $17.83 per share, with a total value of $44,111.42.
  • On Thursday, June 4th, Realty Invest Transcontinental acquired 157 shares of Transcontinental Realty Investors stock. The stock was purchased 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 stock opened at $45.89 on Thursday. Transcontinental Realty Investors, Inc. has a one year low of $31.48 and a one year high of $59.65. The company’s fifty day moving average price is $39.33 and its 200-day moving average price is $43.34. The company has a market capitalization of $396.49 million, a price-to-earnings ratio of 42.10 and a beta of 0.49.

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. 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 during the quarter.

Institutional Trading of Transcontinental Realty Investors

Several hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its holdings in shares of Transcontinental Realty Investors by 1,664.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 13,038 shares of the real estate investment trust’s stock valued at $601,000 after purchasing an additional 12,299 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Transcontinental Realty Investors by 33.1% in the second 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. Citadel Advisors LLC bought a new stake in shares of Transcontinental Realty Investors in the third quarter worth about $228,000. Goldman Sachs Group Inc. purchased a new stake in shares of Transcontinental Realty Investors in the fourth quarter worth about $270,000. Finally, RBF Capital LLC bought a new position in Transcontinental Realty Investors during the fourth quarter valued at approximately $214,000.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TCI shares. Weiss Ratings upgraded Transcontinental Realty Investors from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. Wall Street Zen upgraded 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 MarketBeat.com, the company has an average rating of “Sell”.

Read Our Latest Report on Transcontinental Realty Investors

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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