Transcontinental Realty Investors (NYSE:TCI) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Analyst Upgrades and Downgrades

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

Transcontinental Realty Investors Stock Performance

The stock has a market capitalization of $248.44 million, a PE ratio of 77.72 and a beta of 0.55. The stock’s 50 day moving average is $28.68 and its two-hundred day moving average is $28.79.

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

Institutional Investors Weigh In On Transcontinental Realty Investors

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its holdings in shares of Transcontinental Realty Investors by 261.9% in the third quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 1,176 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Transcontinental Realty Investors by 182.6% during the third quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 1,505 shares during the last quarter. BNP Paribas Financial Markets boosted its position in 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 acquiring an additional 2,779 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Transcontinental Realty Investors in the 2nd quarter valued at $219,000. Finally, TCW Group Inc. boosted its holdings in shares of Transcontinental Realty Investors by 0.6% in 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.