Transcontinental Realty Investors (NYSE:TCI) Shares Cross Above 200 Day Moving Average – Should You Sell?

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 $39.39 and traded as high as $45.93. Transcontinental Realty Investors shares last traded at $45.16, with a volume of 11,462 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have weighed in on TCI. Wall Street Zen upgraded Transcontinental Realty Investors to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings downgraded Transcontinental Realty Investors from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Transcontinental Realty Investors has a consensus rating of “Sell”.

Transcontinental Realty Investors Stock Performance

The business has a 50 day moving average of $39.79 and a 200-day moving average of $39.47. The company has a market capitalization of $402.28 million, a P/E ratio of 48.80 and a beta of 0.55.

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

Institutional Investors Weigh In On Transcontinental Realty Investors

A hedge fund recently bought a new position in Transcontinental Realty Investors stock. Tidal Investments LLC bought a new stake in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 15,747 shares of the real estate investment trust’s stock, valued at approximately $724,000. Tidal Investments LLC owned about 0.18% of Transcontinental Realty Investors at the end of the most recent reporting period.

About Transcontinental Realty Investors

Transcontinental Realty Investors, Inc (NYSE:TCI) is a real estate investment company that acquires, develops, owns and operates income-producing properties. Its portfolio has historically included multifamily apartment communities and commercial real estate, such as office buildings and retail properties.

The company conducts its activities through subsidiaries and focuses on generating rental income and managing the performance of its real estate investments. Its properties and operations have primarily been associated with U.S.