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

Transcontinental Realty Investors, Inc. (NYSE:TCI) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $40.07 and traded as high as $49.63. Transcontinental Realty Investors shares last traded at $49.29, with a volume of 9,148 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on TCI. Weiss Ratings lowered shares of Transcontinental Realty Investors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 26th. Wall Street Zen upgraded Transcontinental Realty Investors to a “sell” rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Transcontinental Realty Investors Stock Performance

The company has a 50 day simple moving average of $40.91 and a two-hundred day simple moving average of $40.13. The firm has a market cap of $418.18 million, a PE ratio of 51.49 and a beta of 0.55.

Transcontinental Realty Investors (NYSE:TCI) last announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported ($0.13) earnings per share (EPS) 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 during the quarter.

Hedge Funds Weigh In On Transcontinental Realty Investors

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

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.