Transcontinental Realty Investors (NYSE:TCI) Major Shareholder Purchases $44,111.42 in Stock

Transcontinental Realty Investors, Inc. (NYSE:TCI) major shareholder Realty Invest Transcontinental purchased 2,474 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average cost of $17.83 per share, with a total value of $44,111.42. Following the acquisition, the insider owned 3,451,735 shares in the company, valued at $61,544,435.05. The trade was a 0.07% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own more than 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 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 shares were 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 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 bought at an average cost of $17.76 per share, with a total value of $29,357.28.
• On Monday, June 15th, Realty Invest Transcontinental acquired 1,517 shares of Transcontinental Realty Investors stock. The stock was bought at an average cost 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 bought 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 bought at an average cost 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 bought at an average price 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 bought at an average price of $17.50 per share, for a total transaction of $35,000.00.
• On Thursday, June 4th, Realty Invest Transcontinental purchased 157 shares of Transcontinental Realty Investors stock. The stock was bought at an average price of $17.77 per share, with a total value of $2,789.89.

Transcontinental Realty Investors Stock Up 0.9%

NYSE TCI opened at $45.89 on Thursday. The company has a fifty day moving average of $39.33 and a two-hundred day moving average of $43.34. The firm 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, Inc. has a 52 week low of $31.48 and a 52 week high of $59.65.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its position in 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 valued at $31,000 after purchasing an additional 341 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Transcontinental Realty Investors during the 4th quarter worth $33,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 in the last quarter. Bank of America Corp DE increased its stake 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 valued at $56,000 after buying an additional 424 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Transcontinental Realty Investors during the second quarter valued at $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.