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

Key Points

• Transcontinental Realty Investors' stock has recently crossed above its 200-day moving average, trading at $43.24 after reaching a high of $45.00.
• Weiss Ratings has reissued a "hold (c)" rating for the stock, reflecting a consensus rating of "Hold" among analysts.
• Institutional investments in Transcontinental Realty Investors have increased significantly, with notable stakes raised by Russell Investments Group Ltd. and Bank of America Corp DE in the second quarter.

Shares of Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.00 and traded as high as $45.00. Transcontinental Realty Investors shares last traded at $43.24, with a volume of 1,092 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Transcontinental Realty Investors in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of "Hold".

Transcontinental Realty Investors Stock Performance

The business's fifty day moving average price is $45.90 and its 200-day moving average price is $40.00. The stock has a market cap of $373.55 million, a PE ratio of 56.89 and a beta of 0.60.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $12.16 million for the quarter. Transcontinental Realty Investors had a net margin of 13.88% and a return on equity of 0.41%.

Hedge Funds Weigh In On Transcontinental Realty Investors

Institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its stake 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. lifted its stake in shares of Transcontinental Realty Investors by 43.9% in 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 period. Bank of America Corp DE raised its stake in 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 acquiring an additional 424 shares during the period. Raymond James Financial Inc. bought a new stake in Transcontinental Realty Investors during the 2nd quarter worth approximately $68,000. Finally, Geode Capital Management LLC raised its stake in Transcontinental Realty Investors by 33.1% during 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 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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