Transcontinental Realty Investors (NYSE:TCI) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $41.67 and traded as high as $44.75. Transcontinental Realty Investors shares last traded at $43.25, with a volume of 235,773 shares trading hands.

Analysts Set New Price Targets

Several brokerages have weighed in on TCI. Weiss Ratings upgraded shares of Transcontinental Realty Investors from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. Wall Street Zen upgraded shares of Transcontinental Realty Investors to a “sell” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Transcontinental Realty Investors has a consensus rating of “Sell”.

Transcontinental Realty Investors Trading Down 0.9%

The stock has a market capitalization of $349.06 million, a P/E ratio of 37.06 and a beta of 0.50. The business has a 50-day moving average price of $41.98 and a two-hundred day moving average price of $41.57.

Transcontinental Realty Investors (NYSE:TCI) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported ($0.13) EPS for the quarter. The company had revenue of $12.87 million during the quarter. Transcontinental Realty Investors had a negative return on equity of 0.02% and a net margin of 18.94%.

Insider Buying and Selling

In other news, major shareholder Realty Invest Transcontinental bought 2,474 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were purchased at an average cost of $17.83 per share, with a total value of $44,111.42. Following the acquisition, the insider directly owned 3,451,735 shares in the company, valued at $61,544,435.05. This represents a 0.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have bought 17,099 shares of company stock valued at $304,183. 86.20% of the stock is owned by company insiders.

Institutional Trading of Transcontinental Realty Investors

Several large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. raised 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 in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Transcontinental Realty Investors in the 4th quarter valued at $33,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 valued at $44,000 after purchasing an additional 315 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Transcontinental Realty Investors by 47.9% in 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 purchasing an additional 424 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Transcontinental Realty Investors during the 2nd quarter worth $68,000.

About Transcontinental Realty Investors

Transcontinental Realty Investors, Inc is a publicly traded real estate investment company listed on the NYSE under the ticker TCI. The company specializes in the acquisition, ownership and operation of neighborhood and community shopping centers. Its core focus is on open‐air retail properties anchored by grocery stores, pharmacies and national discount retailers, providing stable tenant demand and long‐term lease structures.

The firm’s portfolio comprises a diversified collection of retail shopping centers located primarily in the Midwest and Southern regions of the United States.