Transcontinental Realty Investors (NYSE:TCI) Share Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Transcontinental Realty Investors (NYSE:TCI) recently traded above its 200-day moving average of $38.50, reaching a high of $46.20 before closing at $45.87.
• The company reported earnings of $0.02 per share for the last quarter, with a net margin of 13.88% and revenue of $12.16 million.
• Several large investors, including MIRAE ASSET GLOBAL and Russell Investments Group, increased their stakes in Transcontinental Realty Investors during the second quarter.

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $38.50 and traded as high as $46.20. Transcontinental Realty Investors shares last traded at $45.87, with a volume of 1,228 shares changing hands.

Transcontinental Realty Investors Trading Down 0.6%

The business's 50-day simple moving average is $45.20 and its 200 day simple moving average is $38.50. The firm has a market cap of $396.27 million, a PE ratio of 60.35 and a beta of 0.60.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter. Transcontinental Realty Investors had a net margin of 13.88% and a return on equity of 0.41%. The firm had revenue of $12.16 million for the quarter.

Institutional Trading of Transcontinental Realty Investors

Several large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Transcontinental Realty Investors by 43.9% in 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 acquiring an additional 315 shares during the last quarter. Russell Investments Group Ltd. raised its position in Transcontinental Realty Investors by 85.7% during the second quarter. Russell Investments Group Ltd. now owns 739 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 341 shares during the period. Bank of America Corp DE grew its holdings in shares of Transcontinental Realty Investors by 47.9% during the second quarter. Bank of America Corp DE now owns 1,310 shares of the real estate investment trust's stock worth $56,000 after buying an additional 424 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Transcontinental Realty Investors during the second quarter worth $68,000. Finally, Geode Capital Management LLC grew its holdings in shares of Transcontinental Realty Investors by 33.1% during the second quarter. Geode Capital Management LLC now owns 35,728 shares of the real estate investment trust's stock worth $1,523,000 after buying an additional 8,883 shares in the last quarter.

About Transcontinental Realty Investors

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.

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