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 $28.79 and traded as high as $29.83. Transcontinental Realty Investors shares last traded at $28.76, with a volume of 7,155 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on shares of Transcontinental Realty Investors in a report on Friday. They set a "sell" rating on the stock.
Check Out Our Latest Research Report on TCI
Transcontinental Realty Investors Stock Performance
The stock has a market cap of $248.41 million, a PE ratio of 77.72 and a beta of 0.55. The business has a 50 day moving average price of $28.68 and a two-hundred day moving average price of $28.79.
Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.20 earnings per share for the quarter. Transcontinental Realty Investors had a return on equity of 0.38% and a net margin of 6.55%. The business had revenue of $11.61 million for the quarter.
Hedge Funds Weigh In On Transcontinental Realty Investors
Several institutional investors have recently added to or reduced their stakes in TCI. Barclays PLC lifted its position in shares of Transcontinental Realty Investors by 261.9% during the 3rd quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 1,176 shares during the last quarter. JPMorgan Chase & Co. raised its stake 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 during the period. BNP Paribas Financial Markets lifted its holdings in Transcontinental Realty Investors by 1,073.0% during the third quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust's stock valued at $87,000 after purchasing an additional 2,779 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Transcontinental Realty Investors during the second quarter valued at about $219,000. Finally, TCW Group Inc. boosted its position in Transcontinental Realty Investors by 0.6% during the third quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust's stock worth $1,968,000 after purchasing an additional 382 shares during the period.
Transcontinental Realty Investors Company Profile
(
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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