Transcontinental Realty Investors (NYSE:TCI) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Shares of Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Analysts Set New Price Targets

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

Transcontinental Realty Investors Stock Down 1.4%

The stock has a fifty day moving average of $38.50 and a 200-day moving average of $31.84. The stock has a market capitalization of $374.46 million, a price-to-earnings ratio of 47.63 and a beta of 0.45.

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

Insider Transactions at Transcontinental Realty Investors

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental bought 2,500 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were acquired at an average cost of $17.35 per share, for a total transaction of $43,375.00. Following the completion of the transaction, the insider owned 3,428,294 shares in the company, valued at approximately $59,480,900.90. The trade was a 0.07% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 8,459 shares of company stock valued at $148,468 over the last three months. Corporate insiders own 86.20% of the company's stock.

Hedge Funds Weigh In On Transcontinental Realty Investors

An institutional investor recently raised its position in Transcontinental Realty Investors stock. JPMorgan Chase & Co. lifted its holdings in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI - Free Report) by 99.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and 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 reporting period.

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.