Transcontinental Realty Investors (NYSE:TCI) Shares Cross Above 200 Day Moving Average - What's Next?

Shares of Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $28.57 and traded as high as $34.45. Transcontinental Realty Investors shares last traded at $34.23, with a volume of 1,375 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Transcontinental Realty Investors in a report on Friday, May 16th. They set a "sell" rating on the stock.

Transcontinental Realty Investors Stock Down 5.6%

The business has a 50-day moving average price of $29.48 and a two-hundred day moving average price of $28.72. The company has a market cap of $282.37 million, a P/E ratio of 88.34 and a beta of 0.34.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last posted its quarterly earnings data 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 return on equity of 0.38% and a net margin of 6.55%.

Insider Buying and Selling

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental acquired 3,500 shares of the stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $17.65 per share, with a total value of $61,775.00. Following the transaction, the insider now owns 3,408,248 shares in the company, valued at approximately $60,155,577.20. The trade was a 0.10% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have purchased 20,659 shares of company stock valued at $362,765 over the last 90 days. 86.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Transcontinental Realty Investors

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC lifted its position in shares of Transcontinental Realty Investors by 261.9% during the third quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 1,176 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Transcontinental Realty Investors by 182.6% in the third quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust's stock valued at $67,000 after acquiring an additional 1,505 shares during the last quarter. Finally, TCW Group Inc. boosted its position in Transcontinental Realty Investors by 5.3% during the fourth quarter. TCW Group Inc. now owns 71,987 shares of the real estate investment trust's stock valued at $2,146,000 after buying an additional 3,618 shares during the period.

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.