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

Transcontinental Realty Investors, Inc. (NYSE:TCI)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.18 and traded as high as $45.30. Transcontinental Realty Investors shares last traded at $44.68, with a volume of 1,041 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen started coverage on shares of Transcontinental Realty Investors in a research report on Friday, May 16th. They set a “sell” rating for the company.

Transcontinental Realty Investors Stock Performance

The stock has a market cap of $386.04 million, a PE ratio of 49.10 and a beta of 0.45. The stock’s 50-day moving average is $36.58 and its two-hundred day moving average is $31.18.

Transcontinental Realty Investors (NYSE:TCI) last posted its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $0.17 earnings per share for the quarter. The firm had revenue of $12.01 million during the quarter. Transcontinental Realty Investors had a net margin of 16.81% and a return on equity of 0.57%.

Insider Buying and Selling at Transcontinental Realty Investors

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental purchased 2,500 shares of the firm’s stock in a transaction on Wednesday, April 23rd. The stock was bought at an average price of $17.35 per share, with a total value of $43,375.00. Following the transaction, the insider directly owned 3,428,294 shares of the company’s stock, valued at approximately $59,480,900.90. This represents a 0.07% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have purchased 8,578 shares of company stock worth $150,566. Company insiders own 86.20% of the company’s stock.

Hedge Funds Weigh In On Transcontinental Realty Investors

A hedge fund recently raised its stake in Transcontinental Realty Investors stock. JPMorgan Chase & Co. raised its holdings in Transcontinental Realty Investors, Inc. (NYSE:TCI) by 99.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,648 shares of the real estate investment trust’s stock after buying an additional 2,319 shares during the period. JPMorgan Chase & Co. owned approximately 0.05% of Transcontinental Realty Investors worth $139,000 as of its most recent SEC filing.

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.