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Transcontinental Realty Investors (NYSE:TCI) Share Price Crosses Above 200 Day Moving Average - Here's Why

Transcontinental Realty Investors logo with Finance background

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.82 and traded as high as $43.37. Transcontinental Realty Investors shares last traded at $43.34, with a volume of 1,389 shares trading hands.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on TCI

Transcontinental Realty Investors Trading Down 1.0%

The stock has a fifty day moving average of $38.50 and a 200-day moving average of $31.85. The firm has a market capitalization of $370.91 million, a price-to-earnings ratio of 47.18 and a beta of 0.45.

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. 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

In related news, major shareholder Realty Invest Transcontinental purchased 2,500 shares of the business's stock in a transaction dated Wednesday, April 23rd. The shares were bought at an average price of $17.35 per share, with a total value 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 position. The acquisition was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders purchased 6,686 shares of company stock worth $117,156. 86.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Transcontinental Realty Investors

A hedge fund recently raised its stake in Transcontinental Realty Investors stock. JPMorgan Chase & Co. grew its stake in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI - Free Report) by 99.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 0.05% of Transcontinental Realty Investors worth $139,000 at the end of the most recent quarter.

Transcontinental Realty Investors Company Profile

(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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