Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $34.88 and traded as high as $48.00. Transcontinental Realty Investors shares last traded at $47.76, with a volume of 7,099 shares trading hands.
Analyst Ratings Changes
Separately, Wall Street Zen began coverage on shares of Transcontinental Realty Investors in a research note on Friday, May 16th. They issued a "sell" rating for the company.
Get Our Latest Stock Report on Transcontinental Realty Investors
Transcontinental Realty Investors Trading Down 4.3%
The firm has a market cap of $391.82 million, a PE ratio of 59.67 and a beta of 0.53. The business's 50-day simple moving average is $43.63 and its 200 day simple moving average is $35.29.
Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.02 EPS for the quarter. The business had revenue of $12.16 million during the quarter. Transcontinental Realty Investors had a net margin of 13.88% and a return on equity of 0.41%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in Transcontinental Realty Investors by 47.9% during the second quarter. Bank of America Corp DE now owns 1,310 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 424 shares during the period. Raymond James Financial Inc. acquired a new position in Transcontinental Realty Investors during the second quarter valued at $68,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Transcontinental Realty Investors by 43.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,032 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 315 shares during the period. Russell Investments Group Ltd. lifted its position in Transcontinental Realty Investors by 85.7% during the second quarter. Russell Investments Group Ltd. now owns 739 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 341 shares during the period. Finally, Geode Capital Management LLC lifted its position in Transcontinental Realty Investors by 33.1% during the second quarter. Geode Capital Management LLC now owns 35,728 shares of the real estate investment trust's stock valued at $1,523,000 after purchasing an additional 8,883 shares during the period.
About Transcontinental Realty Investors
(
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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.
Further Reading
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