Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $30.51 and traded as high as $43.28. Transcontinental Realty Investors shares last traded at $43.60, with a volume of 2,664 shares traded.
Analyst Ratings Changes
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 on the stock.
Get Our Latest Research Report on TCI
Transcontinental Realty Investors Trading Down 0.9%
The stock has a market cap of $376.67 million, a price-to-earnings ratio of 47.91 and a beta of 0.45. The stock's 50-day moving average price is $34.58 and its 200-day moving average price is $30.51.
Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last issued 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 for the quarter. Transcontinental Realty Investors had a net margin of 16.81% and a return on equity of 0.57%.
Insider Transactions at Transcontinental Realty Investors
In related news, major shareholder Realty Invest Transcontinental bought 1,700 shares of the company's stock in a transaction that occurred on Monday, March 31st. The shares were bought at an average price of $17.48 per share, for a total transaction of $29,716.00. Following the transaction, the insider now directly owns 3,415,928 shares of the company's stock, valued at approximately $59,710,421.44. The trade was a 0.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have bought 11,179 shares of company stock worth $195,990. Company 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. lifted its stake in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI - Free Report) by 99.6% during the fourth quarter, according to its most recent filing with the Securities & 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 at the end of the most recent reporting period.
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.
Further Reading
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