Transcontinental Realty Investors (NYSE:TCI) Stock Passes Above 200-Day Moving Average - What's Next?

Key Points

• TCI shares moved above their 200-day moving average, reaching $39.49 before last trading at $38.90, compared with a 200-day average of $38.83.
• Analyst sentiment remains negative: Wall Street Zen upgraded the stock to “sell,” Weiss Ratings downgraded it to “sell,” and the consensus rating is “Sell.”
• The REIT reported a quarterly loss of $0.13 per share on $12.87 million in revenue, while insiders own a substantial 86.2% of outstanding shares and bought additional stock in the past 90 days.

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $38.83 and traded as high as $39.49. Transcontinental Realty Investors shares last traded at $38.90, with a volume of 15,127 shares.

Analyst Upgrades and Downgrades

TCI has been the subject of a number of recent research reports. Wall Street Zen raised shares of Transcontinental Realty Investors to a "sell" rating in a report on Saturday, August 15th. Weiss Ratings downgraded shares of Transcontinental Realty Investors from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Transcontinental Realty Investors presently has an average rating of "Sell".

Transcontinental Realty Investors Price Performance

The company has a 50-day moving average of $40.73 and a 200 day moving average of $38.83. The company has a market cap of $341.31 million, a PE ratio of 41.38 and a beta of 0.49.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last posted its quarterly earnings data 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 net margin of 16.08% and a negative return on equity of 0.17%.

Insiders Place Their Bets

In related news, major shareholder Realty Invest Transcontinental purchased 1,500 shares of the firm's stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average price of $17.75 per share, for a total transaction of $26,625.00. Following the acquisition, the insider owned 3,460,847 shares of the company's stock, valued at approximately $61,430,034.25. This represents a 0.04% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders acquired 6,413 shares of company stock worth $114,120. Corporate insiders own 86.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in shares of Transcontinental Realty Investors by 85.7% in the second quarter. Russell Investments Group Ltd. now owns 739 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 341 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Transcontinental Realty Investors during the 4th quarter worth about $33,000. California State Teachers Retirement System boosted its stake in shares of Transcontinental Realty Investors by 966.7% during the 2nd quarter. California State Teachers Retirement System now owns 736 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 667 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Transcontinental Realty Investors by 43.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,032 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 315 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Transcontinental Realty Investors by 47.9% during the 2nd quarter. Bank of America Corp DE now owns 1,310 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 424 shares during the last quarter.

About Transcontinental Realty Investors

Transcontinental Realty Investors, Inc is a publicly traded real estate investment company listed on the NYSE under the ticker TCI. The company specializes in the acquisition, ownership and operation of neighborhood and community shopping centers. Its core focus is on open‐air retail properties anchored by grocery stores, pharmacies and national discount retailers, providing stable tenant demand and long‐term lease structures.

The firm’s portfolio comprises a diversified collection of retail shopping centers located primarily in the Midwest and Southern regions of the United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.