Transcontinental Realty Investors (NYSE:TCI) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• Transcontinental Realty Investors shares crossed above their 200-day moving average, reaching $49.63 and last trading at $49.29, compared with a 200-day average of $40.07.
• Analyst sentiment remains negative: Weiss Ratings downgraded the stock to “sell,” and MarketBeat reports an average rating of “Sell” from one covering analyst.
• The company reported a quarterly loss of $0.13 per share on $12.87 million in revenue, while Tidal Investments initiated a position worth approximately $724,000.

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $40.07 and traded as high as $49.63. Transcontinental Realty Investors shares last traded at $49.29, with a volume of 9,148 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Transcontinental Realty Investors from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, August 26th. Wall Street Zen upgraded shares of Transcontinental Realty Investors to a "sell" rating in a report on Saturday, August 15th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of "Sell".

Transcontinental Realty Investors Trading Up 0.8%

The company has a market cap of $432.27 million, a price-to-earnings ratio of 52.44 and a beta of 0.55. The business has a 50-day moving average price of $40.66 and a 200 day moving average price of $40.07.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $12.87 million during the quarter. Transcontinental Realty Investors had a negative return on equity of 0.17% and a net margin of 16.08%.

Hedge Funds Weigh In On Transcontinental Realty Investors

An institutional investor recently bought a new position in Transcontinental Realty Investors stock. Tidal Investments LLC purchased a new position in Transcontinental Realty Investors, Inc. (NYSE:TCI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 15,747 shares of the real estate investment trust's stock, valued at approximately $724,000. Tidal Investments LLC owned approximately 0.18% of Transcontinental Realty Investors at the end of the most recent quarter.

About Transcontinental Realty Investors

Transcontinental Realty Investors, Inc NYSE: TCI is a real estate investment company that acquires, develops, owns and operates income-producing properties. Its portfolio has historically included multifamily apartment communities and commercial real estate, such as office buildings and retail properties.

The company conducts its activities through subsidiaries and focuses on generating rental income and managing the performance of its real estate investments. Its properties and operations have primarily been associated with U.S.

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