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

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.55 and traded as high as $37.29. Transcontinental Realty Investors shares last traded at $38.12, with a volume of 1,877 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen initiated 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 Price Performance

The stock has a market cap of $336.32 million, a P/E ratio of 105.22 and a beta of 0.45. The firm's fifty day moving average price is $31.86 and its two-hundred day moving average price is $29.62.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last posted its earnings results on Thursday, May 8th. The real estate investment trust reported $0.17 earnings per share for the quarter. The company 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%.

Insider Buying and Selling

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental purchased 2,500 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were purchased at an average cost of $17.35 per share, with a total value of $43,375.00. Following the completion of the acquisition, the insider now directly owns 3,428,294 shares in the company, valued at $59,480,900.90. This trade represents a 0.07% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have acquired 15,659 shares of company stock valued at $274,560 over the last quarter. Corporate insiders own 86.20% of the company's stock.

Institutional Trading of Transcontinental Realty Investors

An institutional investor recently raised its position in Transcontinental Realty Investors stock. JPMorgan Chase & Co. grew its holdings in Transcontinental Realty Investors, Inc. (NYSE:TCI - Free Report) by 99.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

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.