Transcontinental Realty Investors (NYSE:TCI) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began coverage on shares of Transcontinental Realty Investors in a research note on Friday, May 16th. They issued a “sell” rating for the company.

Transcontinental Realty Investors Stock Performance

The stock has a market cap of $376.67 million, a P/E ratio of 47.91 and a beta of 0.45. The company’s 50 day moving average price is $34.58 and its 200-day moving average price is $30.51.

Transcontinental Realty Investors (NYSE:TCI) last posted its quarterly earnings results 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 net margin of 16.81% and a return on equity of 0.57%.

Insiders Place Their Bets

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental bought 2,500 shares of the business’s stock in a transaction on Wednesday, April 23rd. The stock was purchased at an average price of $17.35 per share, for a total transaction of $43,375.00. Following the completion of the transaction, the insider now directly owns 3,428,294 shares of the company’s stock, valued at $59,480,900.90. This trade represents a 0.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders acquired 11,179 shares of company stock worth $195,990 over the last quarter. 86.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Transcontinental Realty Investors

A hedge fund recently raised its stake in Transcontinental Realty Investors stock. JPMorgan Chase & Co. increased its position in Transcontinental Realty Investors, Inc. (NYSE:TCI) by 99.6% in the fourth quarter, according to its most recent disclosure with the Securities and 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 quarter. JPMorgan Chase & Co. owned about 0.05% of Transcontinental Realty Investors worth $139,000 at the end of the most recent quarter.

About Transcontinental Realty Investors

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.