Transcontinental Realty Investors (NYSE:TCI) Stock Price Crosses 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) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on Transcontinental Realty Investors in a report on Friday, May 16th. They set a "sell" rating for the company.

Transcontinental Realty Investors Stock Performance

The company's 50 day simple moving average is $41.58 and its 200 day simple moving average is $33.68. The stock has a market cap of $368.41 million, a PE ratio of 52.40 and a beta of 0.53.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $12.16 million for the quarter.

Institutional Trading of Transcontinental Realty Investors

A hedge fund recently raised its stake in Transcontinental Realty Investors stock. JPMorgan Chase & Co. lifted its stake 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 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,648 shares of the real estate investment trust's stock after acquiring an additional 2,319 shares during the period. JPMorgan Chase & Co. owned 0.05% of Transcontinental Realty Investors worth $139,000 as of its most recent SEC filing.

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.