Transcontinental Realty Investors (NYSE:TCI) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Shares of Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $31.18 and traded as high as $45.30. Transcontinental Realty Investors shares last traded at $44.68, with a volume of 1,041 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on shares of Transcontinental Realty Investors in a research note on Friday, May 16th. They issued a "sell" rating for the company.

Transcontinental Realty Investors Stock Performance

The firm has a market capitalization of $385.99 million, a PE ratio of 49.10 and a beta of 0.45. The company's 50-day moving average price is $36.58 and its 200-day moving average price is $31.18.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $0.17 earnings per share for the quarter. The company had revenue of $12.01 million for the quarter. Transcontinental Realty Investors had a return on equity of 0.57% and a net margin of 16.81%.

Insider Buying and Selling at Transcontinental Realty Investors

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental purchased 2,500 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average cost of $17.35 per share, with a total value of $43,375.00. Following the completion of the acquisition, the insider directly owned 3,428,294 shares of the company's stock, valued at $59,480,900.90. This trade represents a 0.07% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders bought 8,578 shares of company stock worth $150,566. 86.20% of the stock is currently owned by company insiders.

Institutional Trading of 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% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,648 shares of the real estate investment trust's stock after acquiring an additional 2,319 shares during the quarter. JPMorgan Chase & Co. owned about 0.05% of Transcontinental Realty Investors worth $139,000 at the end of the most recent quarter.

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 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.