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

Shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $42.55 and traded as high as $44.30. Transcontinental Realty Investors shares last traded at $42.33, with a volume of 6,645 shares.

Analysts Set New Price Targets

A number of research firms have issued reports on TCI. Wall Street Zen raised shares of Transcontinental Realty Investors to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of Transcontinental Realty Investors from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Transcontinental Realty Investors Stock Performance

The firm has a 50 day simple moving average of $40.99 and a two-hundred day simple moving average of $42.42. The stock has a market cap of $345.56 million, a P/E ratio of 36.70 and a beta of 0.49.

Transcontinental Realty Investors (NYSE:TCI) last released its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $12.34 million during the quarter. Transcontinental Realty Investors had a negative return on equity of 0.02% and a net margin of 18.94%.

Insider Buying and Selling

In related news, major shareholder Realty Invest Transcontinental bought 3,000 shares of the stock in a transaction on Tuesday, May 5th. The shares were purchased at an average price of $17.94 per share, with a total value of $53,820.00. Following the purchase, the insider owned 3,443,529 shares in the company, valued at approximately $61,776,910.26. This represents a 0.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have bought 21,619 shares of company stock worth $385,150. 86.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TCI. Russell Investments Group Ltd. increased its stake in shares of Transcontinental Realty Investors by 85.7% during the second quarter. Russell Investments Group Ltd. now owns 739 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 341 shares during the period. Kestra Advisory Services LLC acquired a new stake in Transcontinental Realty Investors in the fourth quarter worth approximately $33,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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. Bank of America Corp DE boosted its stake in Transcontinental Realty Investors by 47.9% during the 2nd quarter. Bank of America Corp DE now owns 1,310 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 424 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Transcontinental Realty Investors during the 2nd quarter valued at $68,000.

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.