Transcontinental Realty Investors (NYSE:TCI) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Transcontinental Realty Investors in a research report on Friday. They set a "sell" rating on the stock.

Transcontinental Realty Investors Stock Performance

The stock has a market capitalization of $295.71 million, a P/E ratio of 92.51 and a beta of 0.34. The stock has a 50-day moving average price of $29.12 and a two-hundred day moving average price of $28.57.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $0.17 earnings per share for the quarter. The firm 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 Activity

In other news, major shareholder Realty Invest Transcontinental bought 1,500 shares of the stock in a transaction dated Monday, April 21st. The stock was bought at an average price of $17.80 per share, for a total transaction of $26,700.00. Following the purchase, the insider now directly owns 3,423,794 shares in the company, valued at $60,943,533.20. This trade represents a 0.04% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought a total of 20,659 shares of company stock worth $362,765 in the last quarter. 86.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TCI. TCW Group Inc. increased its holdings in shares of Transcontinental Realty Investors by 5.3% in the 4th quarter. TCW Group Inc. now owns 71,987 shares of the real estate investment trust's stock worth $2,146,000 after purchasing an additional 3,618 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Transcontinental Realty Investors by 99.6% in the 4th quarter. JPMorgan Chase & Co. now owns 4,648 shares of the real estate investment trust's stock worth $139,000 after purchasing an additional 2,319 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Transcontinental Realty Investors by 261.9% in the 3rd quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 1,176 shares in the last quarter.

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.

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