Transcontinental Realty Investors (NYSE:TCI) Stock Crosses Above Two Hundred Day Moving Average – Should You 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.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Transcontinental Realty Investors in a research report on Friday. They issued a “sell” rating on the stock.

Transcontinental Realty Investors Stock Performance

The company has a market capitalization of $248.49 million, a price-to-earnings ratio of 77.73 and a beta of 0.55. The company has a 50-day moving average price of $28.66 and a 200-day moving average price of $28.79.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new stake in shares of Transcontinental Realty Investors in the second quarter worth about $219,000. BNP Paribas Financial Markets grew its stake in shares of Transcontinental Realty Investors by 1,073.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock worth $87,000 after acquiring an additional 2,779 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Transcontinental Realty Investors by 182.6% in the third quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,505 shares during the last quarter. Barclays PLC boosted its holdings in Transcontinental Realty Investors by 261.9% during the third quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,176 shares during the last quarter. Finally, TCW Group Inc. grew its position in Transcontinental Realty Investors by 0.6% in the third quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock valued at $1,968,000 after purchasing an additional 382 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.