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

Key Points

• Transcontinental Realty Investors shares recently crossed above their two hundred day moving average, currently trading at $46.50, significantly higher than the moving average of $36.46.
• Analysts at Wall Street Zen issued a "sell" rating for the company after initiating coverage on May 16th.
• Hedge funds have been active in trading, with Geode Capital Management increasing its holdings by 33.1% during the second quarter.

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $36.46 and traded as high as $47.00. Transcontinental Realty Investors shares last traded at $46.50, with a volume of 1,058 shares trading hands.

Analysts Set New Price Targets

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

Transcontinental Realty Investors Stock Up 0.3%

The stock has a market capitalization of $401.54 million, a PE ratio of 61.15 and a beta of 0.57. The firm has a 50 day moving average price of $44.23 and a 200 day moving average price of $36.72.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last posted its 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 return on equity of 0.41% and a net margin of 13.88%.The firm had revenue of $12.16 million for the quarter.

Institutional Trading of Transcontinental Realty Investors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of 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 worth $1,523,000 after acquiring an additional 8,883 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Transcontinental Realty Investors by 85.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 739 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 341 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 valued at $44,000 after buying an additional 315 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Transcontinental Realty Investors in the 2nd quarter valued at $68,000. Finally, Bank of America Corp DE raised 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 acquiring an additional 424 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.