Transcontinental Realty Investors (NYSE:TCI) Stock Price Breaks Above 200-Day Moving Average - Here's Why

Key Points

• Transcontinental Realty Investors shares broke above their 200-day moving average, reaching $45.93 before last trading at $45.16, compared with the $39.39 average.
• Despite the technical move, analyst sentiment is 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 Tidal Investments initiated a stake worth approximately $724,000.

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $39.39 and traded as high as $45.93. Transcontinental Realty Investors shares last traded at $45.16, with a volume of 11,462 shares.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Transcontinental Realty Investors to a "sell" rating in a report on Saturday, August 15th. Weiss Ratings cut 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, the company currently has a consensus rating of "Sell".

Transcontinental Realty Investors Trading Down 0.7%

The firm has a market cap of $396.05 million, a price-to-earnings ratio of 48.04 and a beta of 0.55. The company has a fifty day moving average price of $39.74 and a 200-day moving average price of $39.39.

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

Hedge Funds Weigh In On Transcontinental Realty Investors

A hedge fund recently bought a new stake in Transcontinental Realty Investors stock. Tidal Investments LLC purchased a new stake in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,747 shares of the real estate investment trust's stock, valued at approximately $724,000. Tidal Investments LLC owned 0.18% of Transcontinental Realty Investors as of its most recent filing with the Securities & Exchange Commission.

Transcontinental Realty Investors Company Profile

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.

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.