Income Opportunity Realty Investors (NYSEAMERICAN:IOR) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $17.94 and traded as high as $18.25. Income Opportunity Realty Investors shares last traded at $18.25, with a volume of 254 shares traded.

Income Opportunity Realty Investors Stock Up 2.0%

The company has a market capitalization of $74.28 million, a price-to-earnings ratio of 18.43 and a beta of -0.01. The stock has a 50 day simple moving average of $17.94 and a 200 day simple moving average of $18.22.

Income Opportunity Realty Investors (NYSEAMERICAN:IOR) last announced its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.25 earnings per share for the quarter. The company had revenue of $1.38 million for the quarter.

Insider Buying and Selling

In related news, major shareholder Realty Invest Transcontinental bought 3,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were purchased at an average cost of $17.94 per share, with a total value of $53,820.00. Following the completion of the transaction, the insider directly owned 3,443,529 shares of the company’s stock, valued at approximately $61,776,910.26. This represents a 0.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders acquired 8,577 shares of company stock worth $153,624. 83.16% of the stock is owned by corporate insiders.

Income Opportunity Realty Investors Company Profile

Income Opportunity Realty Investors, Inc is a real estate investment trust organized in October 2001 that focuses on owning, acquiring and managing income-producing retail properties. The company’s portfolio primarily consists of grocery-anchored, multi-tenant retail shopping centers and strip retail centers designed to serve everyday consumer needs.

The REIT seeks out properties with solid cash flows and creditworthy anchor tenants, such as grocery and pharmacy operators, in small to mid-sized markets across the United States.