Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $28.84 and traded as high as $33.44. Transcontinental Realty Investors shares last traded at $33.31, with a volume of 1,588 shares traded.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen began coverage on shares of Transcontinental Realty Investors in a research report on Friday, May 16th. They set a "sell" rating for the company.
Get Our Latest Report on Transcontinental Realty Investors
Transcontinental Realty Investors Stock Performance
The stock has a market cap of $309.23 million, a price-to-earnings ratio of 96.74 and a beta of 0.34. The stock's 50-day simple moving average is $29.89 and its two-hundred day simple moving average is $28.89.
Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last released its earnings results on Thursday, May 8th. The real estate investment trust reported $0.17 earnings per share for the quarter. The firm had revenue of $12.01 million during the quarter. Transcontinental Realty Investors had a net margin of 6.55% and a return on equity of 0.38%.
Insiders Place Their Bets
In related news, major shareholder Realty Invest Transcontinental acquired 1,500 shares of the company's stock in a transaction dated Monday, April 21st. The shares were bought at an average price of $17.80 per share, for a total transaction of $26,700.00. Following the acquisition, the insider now owns 3,423,794 shares in the company, valued at $60,943,533.20. This trade represents a 0.04% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 20,659 shares of company stock valued at $362,765 in the last quarter. Insiders own 86.20% of the company's stock.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Transcontinental Realty Investors stock. JPMorgan Chase & Co. raised its stake in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI - Free Report) by 182.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,329 shares of the real estate investment trust's stock after purchasing an additional 1,505 shares during the quarter. JPMorgan Chase & Co.'s holdings in Transcontinental Realty Investors were worth $67,000 as of its most recent filing with the SEC.
Transcontinental Realty Investors Company Profile
(
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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.
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