Transcontinental Realty Investors (NYSE:TCI) Shares Cross Above 200 Day Moving Average - Here's What Happened

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)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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.

Transcontinental Realty Investors Price Performance

The firm's 50 day moving average is $44.25 and its 200 day moving average is $36.94. The company has a market cap of $394.85 million, a PE ratio of 60.13 and a beta of 0.56.

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 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.

Institutional Investors Weigh In On Transcontinental Realty Investors

Hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted 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 valued at $31,000 after purchasing an additional 341 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Transcontinental Realty Investors by 43.9% during the second 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 purchasing an additional 315 shares during the last quarter. Bank of America Corp DE lifted its position in 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 valued at $56,000 after purchasing an additional 424 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Transcontinental Realty Investors during the second quarter valued at approximately $68,000. Finally, Geode Capital Management LLC lifted its position in 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 valued at $1,523,000 after purchasing an additional 8,883 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.