Transcontinental Realty Investors (NYSE:TCI) Shares Cross Above 200 Day Moving Average - Time to Sell?

Key Points

• Transcontinental Realty Investors' shares have recently traded above their 200-day moving average of $33.44, reaching a high of $41.95.
• Wall Street Zen has initiated coverage on the stock, giving it a "sell" rating.
• JPMorgan Chase & Co. has increased its position in the company by 99.6% during the last quarter, owning 4,648 shares after buying 2,319 additional shares.

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $33.44 and traded as high as $41.95. Transcontinental Realty Investors shares last traded at $42.15, with a volume of 1,309 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on shares of Transcontinental Realty Investors in a report on Friday, May 16th. They set a "sell" rating on the stock.

Transcontinental Realty Investors Price Performance

The company has a fifty day moving average price of $41.47 and a two-hundred day moving average price of $33.44. The company has a market capitalization of $364.13 million, a P/E ratio of 46.31 and a beta of 0.53.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $0.17 earnings per share for the quarter. The firm had revenue of $12.01 million for the quarter. Transcontinental Realty Investors had a net margin of 16.81% and a return on equity of 0.57%.

Institutional Trading of Transcontinental Realty Investors

An institutional investor recently raised its position in Transcontinental Realty Investors stock. JPMorgan Chase & Co. grew its position in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI - Free Report) by 99.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,648 shares of the real estate investment trust's stock after buying an additional 2,319 shares during the quarter. JPMorgan Chase & Co. owned 0.05% of Transcontinental Realty Investors worth $139,000 as of its most recent filing with the Securities & Exchange Commission.

Transcontinental Realty Investors Company Profile

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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