Transcontinental Realty Investors (NYSE:TCI) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Transcontinental Realty Investors' stock price recently crossed above its 200-day moving average, indicating potential upward momentum, with a last trading price of $46.83.
• The company reported $12.16 million in revenue and earnings of $0.02 per share for the last quarter, with a market capitalization of approximately $404.57 million.
• Major hedge funds have recently increased their positions in Transcontinental Realty Investors, with Geode Capital Management raising its stake by 33.1% during the second quarter.

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $37.78 and traded as high as $46.80. Transcontinental Realty Investors shares last traded at $46.83, with a volume of 1,984 shares.

Transcontinental Realty Investors Price Performance

The stock has a market capitalization of $404.57 million, a P/E ratio of 61.61 and a beta of 0.57. The company's 50 day simple moving average is $44.62 and its two-hundred day simple moving average is $37.78.

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

Hedge Funds Weigh In On Transcontinental Realty Investors

A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of 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 worth $1,523,000 after purchasing an additional 8,883 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Transcontinental Realty Investors in the second quarter worth $68,000. Bank of America Corp DE raised its holdings in Transcontinental Realty Investors by 47.9% in 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 purchasing an additional 424 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Transcontinental Realty Investors by 43.9% in the second 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 period. Finally, Russell Investments Group Ltd. raised its holdings in Transcontinental Realty Investors by 85.7% in the second 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.

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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