Shares of Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen started coverage on Transcontinental Realty Investors in a report on Friday, May 16th. They issued a "sell" rating for the company.
Check Out Our Latest Stock Report on TCI
Transcontinental Realty Investors Price Performance
The company has a market capitalization of $366.03 million, a P/E ratio of 46.56 and a beta of 0.45. The firm has a fifty day moving average price of $33.69 and a 200-day moving average price of $30.23.
Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $0.17 earnings per share for the quarter. Transcontinental Realty Investors had a return on equity of 0.57% and a net margin of 16.81%. The business had revenue of $12.01 million during the quarter.
Insider Buying and Selling at Transcontinental Realty Investors
In other news, major shareholder Realty Invest Transcontinental acquired 2,000 shares of Transcontinental Realty Investors stock in a transaction on Thursday, March 27th. The stock was acquired 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 owns 3,412,728 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders bought 15,179 shares of company stock valued at $266,170. Company insiders own 86.20% of the company's stock.
Hedge Funds Weigh In On Transcontinental Realty Investors
A hedge fund recently raised its stake in Transcontinental Realty Investors stock. JPMorgan Chase & Co. lifted its stake in Transcontinental Realty Investors, Inc. (NYSE:TCI - Free Report) by 99.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,648 shares of the real estate investment trust's stock after acquiring an additional 2,319 shares during the period. JPMorgan Chase & Co. owned approximately 0.05% of Transcontinental Realty Investors worth $139,000 at the end of the most recent reporting period.
About Transcontinental Realty Investors
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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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