Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.38 and traded as high as $28.57. Transcontinental Realty Investors shares last traded at $28.45, with a volume of 816 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on shares of Transcontinental Realty Investors in a research report on Tuesday. They issued a "sell" rating for the company.
View Our Latest Research Report on TCI
Transcontinental Realty Investors Trading Down 2.7 %
The firm has a market capitalization of $249.97 million, a price-to-earnings ratio of 78.20 and a beta of 0.52. The stock's 50-day moving average is $28.18 and its 200-day moving average is $28.39.
Insider Buying and Selling
In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental acquired 21,678 shares of the company's stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average price of $18.00 per share, for a total transaction of $390,204.00. Following the acquisition, the insider now directly owns 3,403,248 shares in the company, valued at $61,258,464. This represents a 0.64 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 86.20% of the stock is currently owned by corporate insiders.
Institutional Trading of Transcontinental Realty Investors
Several institutional investors have recently modified their holdings of TCI. Barclays PLC lifted its position 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 during the period. JPMorgan Chase & Co. increased its position in shares of Transcontinental Realty Investors by 182.6% during the third quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust's stock worth $67,000 after buying an additional 1,505 shares during the period. BNP Paribas Financial Markets raised its stake 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 worth $87,000 after buying an additional 2,779 shares during the last quarter. Finally, TCW Group Inc. lifted its holdings in Transcontinental Realty Investors by 0.6% in the third quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust's stock valued at $1,968,000 after buying an additional 382 shares during the period.
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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