Transcontinental Realty Investors (NYSE:TCI) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Transcontinental Realty Investors, Inc. (NYSE:TCI) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $42.97 and traded as high as $46.50. Transcontinental Realty Investors shares last traded at $45.50, with a volume of 2,137 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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, Based on data from MarketBeat, Transcontinental Realty Investors presently has an average rating of “Hold”.

Transcontinental Realty Investors Stock Down 5.2%

The stock’s 50 day moving average price is $45.18 and its two-hundred day moving average price is $42.97. The stock has a market cap of $393.07 million, a price-to-earnings ratio of 59.87 and a beta of 0.56.

Transcontinental Realty Investors (NYSE:TCI) last posted its earnings results on Thursday, November 6th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $12.84 million during the quarter. Transcontinental Realty Investors had a net margin of 13.88% and a return on equity of 0.41%.

Institutional Trading of Transcontinental Realty Investors

Several hedge funds and other institutional investors have recently bought and sold shares of TCI. Geode Capital Management LLC raised 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 acquiring an additional 8,883 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Transcontinental Realty Investors by 1,664.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 13,038 shares of the real estate investment trust’s stock worth $601,000 after purchasing an additional 12,299 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Transcontinental Realty Investors during the 3rd quarter worth approximately $228,000. JPMorgan Chase & Co. increased its holdings in shares of Transcontinental Realty Investors by 37.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,669 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 730 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Transcontinental Realty Investors in the 2nd quarter valued at $68,000.

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.