Shares of Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.
Analysts Set New Price Targets
Separately, Wall Street Zen initiated coverage on Transcontinental Realty Investors in a research note on Friday, May 16th. They set a "sell" rating on the stock.
View Our Latest Analysis on TCI
Transcontinental Realty Investors Stock Down 3.8%
The stock has a 50 day moving average price of $32.50 and a two-hundred day moving average price of $29.82. The firm has a market cap of $329.02 million, a PE ratio of 102.93 and a beta of 0.45.
Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $0.17 EPS for the quarter. The business had revenue of $12.01 million for the quarter. Transcontinental Realty Investors had a return on equity of 0.38% and a net margin of 6.55%.
Insider Transactions at Transcontinental Realty Investors
In other news, major shareholder Realty Invest Transcontinental acquired 2,500 shares of Transcontinental Realty Investors stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average cost of $17.35 per share, with a total value of $43,375.00. Following the purchase, the insider now owns 3,428,294 shares in the company, valued at $59,480,900.90. This trade represents a 0.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired a total of 15,659 shares of company stock valued at $274,560 in the last three months. 86.20% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Transcontinental Realty Investors stock. TCW Group Inc. grew its stake in Transcontinental Realty Investors, Inc. (NYSE:TCI - Free Report) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,987 shares of the real estate investment trust's stock after acquiring an additional 3,618 shares during the quarter. TCW Group Inc. owned about 0.83% of Transcontinental Realty Investors worth $2,146,000 as of its most recent SEC filing.
About Transcontinental Realty Investors
(
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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