Transcontinental Realty Investors (NYSE:TCI) Share Price Crosses 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 Thursday . The stock has a 200-day moving average of $28.79 and traded as high as $29.83. Transcontinental Realty Investors shares last traded at $28.76, with a volume of 7,155 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Transcontinental Realty Investors in a report on Friday. They issued a “sell” rating for the company.

Transcontinental Realty Investors Stock Performance

The company has a market cap of $248.49 million, a P/E ratio of 77.73 and a beta of 0.55. The business’s 50-day moving average price is $28.66 and its 200 day moving average price is $28.79.

Transcontinental Realty Investors (NYSE:TCI) last released its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter. The company had revenue of $11.61 million during the quarter. Transcontinental Realty Investors had a return on equity of 0.38% and a net margin of 6.55%.

Hedge Funds Weigh In On Transcontinental Realty Investors

Institutional investors and hedge funds have recently modified their holdings of the stock. TCW Group Inc. boosted its holdings in shares of Transcontinental Realty Investors by 0.6% during the 3rd quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock worth $1,968,000 after buying an additional 382 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Transcontinental Realty Investors in the second quarter valued at approximately $219,000. BNP Paribas Financial Markets increased its stake in shares of Transcontinental Realty Investors by 1,073.0% during the third quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 2,779 shares during the period. JPMorgan Chase & Co. lifted its holdings in Transcontinental Realty Investors by 182.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 1,505 shares during the last quarter. Finally, Barclays PLC boosted its stake in Transcontinental Realty Investors by 261.9% in the 3rd quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 1,176 shares during the period.

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.