Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $28.38 and traded as high as $28.86. Transcontinental Realty Investors shares last traded at $28.76, with a volume of 1,555 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on Transcontinental Realty Investors in a research report on Wednesday. They issued a "sell" rating on the stock.
Read Our Latest Stock Analysis on TCI
Transcontinental Realty Investors Stock Performance
The business has a 50-day moving average price of $28.17 and a 200 day moving average price of $28.37. The stock has a market capitalization of $247.64 million, a P/E ratio of 77.47 and a beta of 0.52.
Insider Buying and Selling
In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental acquired 21,678 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average cost of $18.00 per share, with a total value of $390,204.00. Following the transaction, the insider now owns 3,403,248 shares of the company's stock, valued at $61,258,464. The trade was a 0.64 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 86.20% of the stock is owned by company insiders.
Hedge Funds Weigh In On Transcontinental Realty Investors
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC lifted its position in 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 valued at $47,000 after acquiring an additional 1,176 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Transcontinental Realty Investors by 1,073.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust's stock valued at $87,000 after acquiring an additional 2,779 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Transcontinental Realty Investors by 182.6% in the 3rd 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 in the last quarter. Finally, TCW Group Inc. lifted its position in 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 valued at $2,146,000 after acquiring an additional 3,618 shares in 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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