Transcontinental Realty Investors (NYSE:TCI) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Transcontinental Realty Investors, Inc. (NYSE:TCI)’s share price passed 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 changing hands.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Transcontinental Realty Investors in a research report on Tuesday. They issued a “sell” rating for the company.

Transcontinental Realty Investors Price Performance

The stock’s 50 day moving average is $28.19 and its two-hundred day moving average is $28.38. The firm has a market capitalization of $245.78 million, a P/E ratio of 76.89 and a beta of 0.52.

Insider Buying and Selling at Transcontinental Realty Investors

In related news, major shareholder Realty Invest Transcontinental bought 21,678 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The stock was bought at an average cost of $18.00 per share, for a total transaction 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. This represents a 0.64 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 86.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TCI. Barclays PLC grew its stake in Transcontinental Realty Investors by 261.9% in the third 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 during the period. BNP Paribas Financial Markets lifted its holdings in shares of Transcontinental Realty Investors by 1,073.0% during 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 purchasing an additional 2,779 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Transcontinental Realty Investors by 182.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,505 shares in the last quarter. Finally, TCW Group Inc. grew its position in shares of Transcontinental Realty Investors by 0.6% in the 3rd quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock valued at $1,968,000 after purchasing an additional 382 shares during the period.

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.