Transcontinental Realty Investors Inc (NYSE:TCI) President Daniel J. Moos purchased 35,000 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were purchased at an average cost of $28.57 per share, for a total transaction of $999,950.00. Following the transaction, the president now owns 330,000 shares in the company, valued at approximately $9,428,100. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
NYSE TCI opened at $27.81 on Friday. Transcontinental Realty Investors Inc has a 12 month low of $23.90 and a 12 month high of $39.39. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $242.50 million, a price-to-earnings ratio of 11.53 and a beta of 0.24.
A number of hedge funds and other institutional investors have recently bought and sold shares of TCI. BlackRock Inc. lifted its position in Transcontinental Realty Investors by 3.1% in the fourth quarter. BlackRock Inc. now owns 79,062 shares of the real estate investment trust’s stock valued at $2,238,000 after buying an additional 2,377 shares during the last quarter. Geode Capital Management LLC lifted its position in Transcontinental Realty Investors by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 27,993 shares of the real estate investment trust’s stock valued at $792,000 after buying an additional 755 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Transcontinental Realty Investors by 260.2% in the first quarter. Wells Fargo & Company MN now owns 969 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 700 shares during the last quarter. 2.54% of the stock is currently owned by institutional investors.
Separately, TheStreet raised shares of Transcontinental Realty Investors from a “d+” rating to a “c+” rating in a research report on Tuesday, April 16th.
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Transcontinental Realty Investors Company Profile
Transcontinental Realty Investors, Inc, a Dallas-based real estate investment company, holds a diverse portfolio of equity real estate located across the U.S., including apartments, office buildings, shopping centers, and developed and undeveloped land. The Company invests in real estate through direct ownership, leases and partnerships and invests in mortgage loans on real estate.
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