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

Key Points

• Transcontinental Realty Investors' stock recently surpassed its 200-day moving average of $39.20, trading as high as $45.11 before closing at $44.88.
• Analyst ratings for the stock are currently at a consensus of "Hold", with Weiss Ratings reaffirming this stance in a recent report.
• The company reported a net margin of 13.88% and revenue of $12.16 million in its last quarterly earnings, with earnings per share (EPS) of $0.02.

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $39.20 and traded as high as $45.11. Transcontinental Realty Investors shares last traded at $44.88, with a volume of 5,425 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Transcontinental Realty Investors in a research report on Wednesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Transcontinental Realty Investors Price Performance

The stock has a market cap of $387.76 million, a PE ratio of 59.05 and a beta of 0.60. The business has a fifty day moving average of $45.66 and a 200 day moving average of $39.20.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.02 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 during the quarter.

Hedge Funds Weigh In On Transcontinental Realty Investors

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its position in shares of 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 valued at $56,000 after buying an additional 424 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Transcontinental Realty Investors in the second quarter valued at approximately $68,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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. Russell Investments Group Ltd. raised its position in shares of Transcontinental Realty Investors by 85.7% during 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. Finally, 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 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.

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