Transcontinental Realty Investors (NYSE:TCI) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on Transcontinental Realty Investors in a report on Friday, May 16th. They set a "sell" rating on the stock.

Transcontinental Realty Investors Trading Up 1.5%

The business has a 50 day simple moving average of $37.29 and a two-hundred day simple moving average of $31.44. The stock has a market cap of $391.65 million, a price-to-earnings ratio of 49.81 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 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 firm had revenue of $12.01 million during the quarter.

Insiders Place Their Bets

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental acquired 2,500 shares of the stock in a transaction on Wednesday, April 23rd. The stock was purchased at an average price of $17.35 per share, for a total transaction of $43,375.00. Following the purchase, the insider directly owned 3,428,294 shares in the company, valued at $59,480,900.90. This trade represents a 0.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders purchased 8,578 shares of company stock worth $150,566. 86.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Transcontinental Realty Investors stock. JPMorgan Chase & Co. lifted its position in Transcontinental Realty Investors, Inc. (NYSE:TCI - Free Report) by 99.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 0.05% of Transcontinental Realty Investors worth $139,000 as of its most recent SEC filing.

About Transcontinental Realty Investors

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.