Transcontinental Realty Investors (NYSE:TCI) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Transcontinental Realty Investors (NYSE: TCI) has recently crossed above its 200-day moving average, indicating a potential momentum shift with its stock last trading at $45.47.
• The company reported a net margin of 13.88% and a revenue of $12.16 million for the latest quarter, along with earnings per share (EPS) of $0.02.
• Several institutional investors, including Geode Capital Management and Bank of America Corp DE, have increased their holdings in TCI during the second quarter.

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $37.12 and traded as high as $46.50. Transcontinental Realty Investors shares last traded at $45.47, with a volume of 935 shares.

Transcontinental Realty Investors Stock Down 0.3%

The business's 50 day moving average is $44.38 and its 200 day moving average is $37.29. The company has a market cap of $397.10 million, a P/E ratio of 60.48 and a beta of 0.57.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last released 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 business had revenue of $12.16 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TCI. 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 period. 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 period. 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 period. Raymond James Financial Inc. acquired a new position in Transcontinental Realty Investors during the second quarter valued at $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 period.

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.