Transcontinental Realty Investors (NYSE:TCI) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Transcontinental Realty Investors, Inc. (NYSE:TCI)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $44.57 and traded as low as $38.93. Transcontinental Realty Investors shares last traded at $39.81, with a volume of 16,294 shares.

Wall Street Analyst Weigh In

TCI has been the subject of a number of research reports. Wall Street Zen upgraded Transcontinental Realty Investors to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings cut Transcontinental Realty Investors from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Transcontinental Realty Investors has an average rating of “Sell”.

Transcontinental Realty Investors Stock Performance

The stock has a fifty day moving average price of $36.58 and a 200-day moving average price of $44.57. The firm has a market cap of $343.96 million, a PE ratio of 36.52 and a beta of 0.50.

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

Hedge Funds Weigh In On Transcontinental Realty Investors

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC acquired a new position in Transcontinental Realty Investors during the 4th quarter worth approximately $82,000. Russell Investments Group Ltd. lifted its position in Transcontinental Realty Investors by 9.6% during the 4th quarter. Russell Investments Group Ltd. now owns 14,292 shares of the real estate investment trust’s stock worth $838,000 after acquiring an additional 1,254 shares in the last quarter. RBF Capital LLC acquired a new position in Transcontinental Realty Investors during the 4th quarter worth approximately $214,000. Barclays PLC lifted its position in Transcontinental Realty Investors by 10.5% during the 4th quarter. Barclays PLC now owns 2,960 shares of the real estate investment trust’s stock worth $174,000 after acquiring an additional 282 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Transcontinental Realty Investors during the 4th quarter worth approximately $33,000.

Transcontinental Realty Investors Company Profile

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.