Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $29.99 and traded as high as $40.29. Transcontinental Realty Investors shares last traded at $39.67, with a volume of 2,231 shares trading hands.
Analysts Set New Price Targets
Separately, Wall Street Zen began coverage on Transcontinental Realty Investors in a report on Friday, May 16th. They issued a "sell" rating for the company.
View Our Latest Analysis on TCI
Transcontinental Realty Investors Stock Up 0.7%
The firm has a market capitalization of $342.74 million, a price-to-earnings ratio of 43.59 and a beta of 0.45. The company has a fifty day moving average price of $32.96 and a two-hundred day moving average price of $29.99.
Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $0.17 earnings per share for the quarter. The business had revenue of $12.01 million during the quarter. Transcontinental Realty Investors had a return on equity of 0.57% and a net margin of 16.81%.
Insider Buying and Selling
In related news, major shareholder Realty Invest Transcontinental purchased 2,000 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average cost of $17.49 per share, with a total value of $34,980.00. Following the completion of the acquisition, the insider now directly owns 3,412,728 shares in the company, valued at $59,688,612.72. This trade represents a 0.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders purchased a total of 15,659 shares of company stock valued at $274,560 over the last three months. 86.20% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Transcontinental Realty Investors
An institutional investor recently raised its position in Transcontinental Realty Investors stock. JPMorgan Chase & Co. increased its stake in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI - Free Report) by 99.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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
(
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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