Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.28 and traded as high as $40.57. Transcontinental Realty Investors shares last traded at $40.55, with a volume of 3,435 shares changing hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen initiated coverage on Transcontinental Realty Investors in a research note on Friday, May 16th. They issued a "sell" rating on the stock.
Get Our Latest Report on Transcontinental Realty Investors
Transcontinental Realty Investors Stock Performance
The business has a fifty day simple moving average of $40.05 and a 200 day simple moving average of $32.49. The stock has a market capitalization of $354.59 million, a price-to-earnings ratio of 45.10 and a beta of 0.45.
Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $0.17 EPS for the quarter. Transcontinental Realty Investors had a return on equity of 0.57% and a net margin of 16.81%. The firm had revenue of $12.01 million for the quarter.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Transcontinental Realty Investors stock. JPMorgan Chase & Co. lifted its stake in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI - Free Report) by 99.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,648 shares of the real estate investment trust's stock after purchasing an additional 2,319 shares during the quarter. JPMorgan Chase & Co. owned 0.05% of Transcontinental Realty Investors worth $139,000 as of its most recent SEC filing.
About Transcontinental Realty Investors
(
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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 office buildings, apartments, 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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