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

Key Points

• Transcontinental Realty Investors' stock price has recently crossed above its 200-day moving average of $34.06, reaching a latest trading price of $46.72.
• Wall Street Zen has initiated coverage on the company with a "sell" rating as of May 16th.
• The company reported $0.02 EPS and a revenue of $12.16 million for the last quarter, alongside a return on equity of 0.41%.

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $34.06 and traded as high as $45.71. Transcontinental Realty Investors shares last traded at $46.72, with a volume of 1,605 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on Transcontinental Realty Investors in a research report on Friday, May 16th. They set a "sell" rating on the stock.

Transcontinental Realty Investors Trading Up 2.1%

The firm has a 50-day moving average of $42.22 and a 200 day moving average of $34.06. The company has a market cap of $403.62 million, a P/E ratio of 61.48 and a beta of 0.53.

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 EPS for the quarter. Transcontinental Realty Investors had a return on equity of 0.41% and a net margin of 13.88%. The company had revenue of $12.16 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings 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 purchasing an additional 8,883 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Transcontinental Realty Investors by 99.6% during the fourth quarter. JPMorgan Chase & Co. now owns 4,648 shares of the real estate investment trust's stock valued at $139,000 after purchasing an additional 2,319 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Transcontinental Realty Investors during the second quarter worth $68,000. Russell Investments Group Ltd. lifted its position in shares of 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 worth $31,000 after acquiring an additional 341 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 buying an additional 315 shares in 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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