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

Key Points

• Shares of Transcontinental Realty Investors (NYSE: TCI) recently crossed above their 200-day moving average, indicating a potential upward trend in stock performance.
• Wall Street Zen has initiated coverage with a sell rating for the company, suggesting caution for investors.
• The company reported a net margin of 13.88% and a revenue of $12.16 million in its latest quarterly earnings.

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $34.88 and traded as high as $48.00. Transcontinental Realty Investors shares last traded at $47.76, with a volume of 7,099 shares.

Analyst Ratings Changes

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

Transcontinental Realty Investors Stock Performance

The company has a market cap of $412.66 million, a PE ratio of 62.84 and a beta of 0.53. The company's 50-day simple moving average is $43.21 and its 200 day simple moving average is $34.88.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.02 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 during the quarter.

Hedge Funds Weigh In On Transcontinental Realty Investors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in Transcontinental Realty Investors by 33.1% in the 2nd quarter. Geode Capital Management LLC now owns 35,728 shares of the real estate investment trust's stock valued at $1,523,000 after buying an additional 8,883 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Transcontinental Realty Investors by 99.6% in the 4th quarter. JPMorgan Chase & Co. now owns 4,648 shares of the real estate investment trust's stock valued at $139,000 after purchasing an additional 2,319 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Transcontinental Realty Investors during the 2nd quarter worth $68,000. Bank of America Corp DE lifted its position in shares of 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 worth $56,000 after purchasing an additional 424 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 worth $44,000 after purchasing an additional 315 shares during 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.