Transcontinental Realty Investors (NYSE:TCI) Stock Passes Above 200 Day Moving Average – What’s Next?

Transcontinental Realty Investors, Inc. (NYSE:TCI)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $38.83 and traded as high as $39.49. Transcontinental Realty Investors shares last traded at $38.90, with a volume of 15,127 shares.

Analysts Set New Price Targets

TCI has been the topic of several research analyst reports. Weiss Ratings downgraded shares of Transcontinental Realty Investors from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. Wall Street Zen upgraded Transcontinental Realty Investors to a “sell” rating in a research report on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Transcontinental Realty Investors currently has an average rating of “Sell”.

Transcontinental Realty Investors Stock Up 0.5%

The company has a market capitalization of $345.36 million, a price-to-earnings ratio of 41.89 and a beta of 0.49. The stock’s 50-day moving average price is $40.54 and its 200-day moving average price is $38.78.

Transcontinental Realty Investors (NYSE:TCI) last released its earnings results on Thursday, August 6th. The real estate investment trust reported ($0.13) EPS for the quarter. The firm had revenue of $12.87 million during the quarter. Transcontinental Realty Investors had a net margin of 16.08% and a negative return on equity of 0.17%.

Insider Activity at Transcontinental Realty Investors

In related news, major shareholder Realty Invest Transcontinental acquired 1,500 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was acquired at an average price of $17.75 per share, for a total transaction of $26,625.00. Following the completion of the acquisition, the insider owned 3,460,847 shares of the company’s stock, valued at $61,430,034.25. This trade represents a 0.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders acquired 6,322 shares of company stock worth $112,527 over the last ninety days. 86.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Transcontinental Realty Investors

Institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new stake in shares of Transcontinental Realty Investors in the 4th quarter valued at approximately $33,000. California State Teachers Retirement System increased its stake in Transcontinental Realty Investors by 966.7% in the second quarter. California State Teachers Retirement System now owns 736 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 667 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Transcontinental Realty Investors by 85.7% in the second quarter. Russell Investments Group Ltd. now owns 739 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 341 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Transcontinental Realty Investors by 43.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,032 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 315 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Transcontinental Realty Investors by 47.9% during the second quarter. Bank of America Corp DE now owns 1,310 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 424 shares in the last quarter.

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.