Transcontinental Realty Investors (NYSE:TCI) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $28.33 and traded as high as $29.00. Transcontinental Realty Investors shares last traded at $28.26, with a volume of 1,217 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Transcontinental Realty Investors in a research note on Thursday. They set a “sell” rating for the company.

Transcontinental Realty Investors Trading Down 2.6 %

The firm has a market capitalization of $244.09 million, a P/E ratio of 76.36 and a beta of 0.52. The stock has a 50-day simple moving average of $28.07 and a two-hundred day simple moving average of $28.33.

Insider Activity at Transcontinental Realty Investors

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental acquired 21,678 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were purchased at an average cost of $18.00 per share, for a total transaction of $390,204.00. Following the completion of the purchase, the insider now owns 3,403,248 shares in the company, valued at approximately $61,258,464. This trade represents a 0.64 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 86.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Barclays PLC boosted 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 in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Transcontinental Realty Investors by 1,073.0% in the third quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 2,779 shares during the last quarter. JPMorgan Chase & Co. raised its position in 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 worth $67,000 after buying an additional 1,505 shares during the last quarter. Finally, TCW Group Inc. raised its holdings in shares of Transcontinental Realty Investors by 5.3% during the fourth quarter. TCW Group Inc. now owns 71,987 shares of the real estate investment trust’s stock worth $2,146,000 after purchasing an additional 3,618 shares during the last quarter.

Transcontinental Realty Investors Company Profile

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.