Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $34.06 and traded as high as $45.71. Transcontinental Realty Investors shares last traded at $46.72, with a volume of 1,605 shares traded.
Wall Street Analyst Weigh In
Separately, Wall Street Zen assumed coverage on Transcontinental Realty Investors in a research report on Friday, May 16th. They set a "sell" rating on the stock.
Read Our Latest Stock Report on Transcontinental Realty Investors
Transcontinental Realty Investors Stock Down 2.1%
The stock has a market cap of $399.34 million, a price-to-earnings ratio of 60.82 and a beta of 0.53. The business has a 50-day moving average of $42.59 and a 200-day moving average of $34.43.
Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last released its earnings results on Thursday, August 7th. The real estate investment trust reported $0.02 earnings per share for the quarter. The business had revenue of $12.16 million during the quarter. Transcontinental Realty Investors had a net margin of 13.88% and a return on equity of 0.41%.
Institutional Trading of Transcontinental Realty Investors
Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in Transcontinental Realty Investors by 33.1% in the second quarter. Geode Capital Management LLC now owns 35,728 shares of the real estate investment trust's stock valued at $1,523,000 after acquiring an additional 8,883 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Transcontinental Realty Investors by 99.6% during the fourth quarter. JPMorgan Chase & Co. now owns 4,648 shares of the real estate investment trust's stock worth $139,000 after buying an additional 2,319 shares during the last quarter. Raymond James Financial Inc. bought a new position in Transcontinental Realty Investors during the second quarter worth $68,000. Bank of America Corp DE grew its stake in Transcontinental Realty Investors by 47.9% in the second quarter. Bank of America Corp DE now owns 1,310 shares of the real estate investment trust's stock valued at $56,000 after acquiring an additional 424 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Transcontinental Realty Investors by 43.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,032 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 315 shares during the last quarter.
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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