Transcontinental Realty Investors (NYSE:TCI) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Transcontinental Realty Investors, Inc. (NYSE:TCI)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $47.53 and traded as high as $56.41. Transcontinental Realty Investors shares last traded at $55.9540, with a volume of 956 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Transcontinental Realty Investors in a report on Monday, December 22nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Transcontinental Realty Investors Price Performance

The company has a market cap of $483.39 million, a P/E ratio of 87.43 and a beta of 0.42. The company has a 50 day moving average of $52.40 and a 200-day moving average of $47.53.

Transcontinental Realty Investors (NYSE:TCI) last released its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.08 earnings per share for the quarter. Transcontinental Realty Investors had a return on equity of 0.30% and a net margin of 11.52%.The firm had revenue of $12.84 million for the quarter.

Institutional Trading of Transcontinental Realty Investors

Hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its holdings in shares of Transcontinental Realty Investors by 1,664.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 13,038 shares of the real estate investment trust’s stock valued at $601,000 after buying an additional 12,299 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Transcontinental Realty Investors by 33.1% during the second quarter. Geode Capital Management LLC now owns 35,728 shares of the real estate investment trust’s stock worth $1,523,000 after acquiring an additional 8,883 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Transcontinental Realty Investors during the third quarter worth approximately $228,000. Raymond James Financial Inc. bought a new stake in shares of Transcontinental Realty Investors in the 2nd quarter worth approximately $68,000. Finally, MAI Capital Management purchased a new stake in shares of Transcontinental Realty Investors in the 3rd quarter valued at $42,000.

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.