Transcontinental Realty Investors (NYSE:TCI) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Transcontinental Realty Investors, Inc. (NYSE:TCI)’s share price 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 changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Transcontinental Realty Investors in a research note on Friday. They issued a “sell” rating for the company.

Transcontinental Realty Investors Price Performance

The firm’s 50 day moving average price is $28.68 and its 200-day moving average price is $28.79. The firm has a market cap of $248.44 million, a price-to-earnings ratio of 77.72 and a beta of 0.55.

Transcontinental Realty Investors (NYSE:TCI) last announced its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.20 earnings per share for the quarter. The firm 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

Several large investors have recently bought and sold shares of the company. Barclays PLC grew 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 buying an additional 1,176 shares in the last quarter. 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 in the last quarter. BNP Paribas Financial Markets lifted its holdings in 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 purchasing an additional 2,779 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Transcontinental Realty Investors in the 2nd quarter valued at about $219,000. Finally, TCW Group Inc. increased its position 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 valued at $1,968,000 after purchasing an additional 382 shares during the last quarter.

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.