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

Transcontinental Realty Investors, Inc. (NYSE:TCI)’s share 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 traded.

Analyst Ratings Changes

A number of analysts recently commented on TCI shares. Wall Street Zen upgraded Transcontinental Realty Investors to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings cut Transcontinental Realty Investors from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Transcontinental Realty Investors currently has a consensus rating of “Sell”.

Transcontinental Realty Investors Stock Performance

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

Transcontinental Realty Investors (NYSE:TCI) last posted its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.02 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%.

Institutional Trading of Transcontinental Realty Investors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its holdings in Transcontinental Realty Investors by 85.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 739 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 341 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Transcontinental Realty Investors during the 4th quarter worth about $33,000. MAI Capital Management purchased a new stake in shares of Transcontinental Realty Investors during the 3rd quarter worth about $42,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Transcontinental Realty Investors by 43.9% during the 2nd 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 grew its holdings in shares of 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 worth $56,000 after purchasing an additional 424 shares during the period.

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.