Shares of Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) 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 traded.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen began coverage on shares of Transcontinental Realty Investors in a report on Friday, May 16th. They issued a "sell" rating on the stock.
Check Out Our Latest Stock Analysis on TCI
Transcontinental Realty Investors Stock Up 1.7%
The firm's fifty day moving average price is $40.19 and its 200 day moving average price is $32.57. The stock has a market cap of $361.92 million, a PE ratio of 46.03 and a beta of 0.45.
Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $12.01 million for the quarter. Transcontinental Realty Investors had a net margin of 16.81% and a return on equity of 0.57%.
Institutional Investors Weigh In On Transcontinental Realty Investors
A hedge fund recently raised its stake in Transcontinental Realty Investors stock. JPMorgan Chase & Co. boosted its holdings in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI - Free Report) by 99.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 about 0.05% of Transcontinental Realty Investors worth $139,000 as of its most recent SEC filing.
About Transcontinental Realty Investors
(
Get Free Report)
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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