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

Transcontinental Realty Investors, Inc. (NYSE:TCI)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.07 and traded as high as $46.12. Transcontinental Realty Investors shares last traded at $44.37, with a volume of 2,472 shares changing hands.

Wall Street Analysts Forecast Growth

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

Transcontinental Realty Investors Price Performance

The business’s 50 day simple moving average is $39.78 and its 200 day simple moving average is $43.07. The company has a market capitalization of $383.31 million, a PE ratio of 40.71 and a beta of 0.49.

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

Insider Activity at Transcontinental Realty Investors

In other news, major shareholder Realty Invest Transcontinental purchased 1,500 shares of Transcontinental Realty Investors stock in a transaction dated Monday, June 22nd. The shares were purchased at an average price of $17.75 per share, with a total value of $26,625.00. Following the transaction, the insider owned 3,460,847 shares in the company, valued at $61,430,034.25. This represents a 0.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have purchased 21,619 shares of company stock worth $385,150. 86.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new stake in Transcontinental Realty Investors during the fourth quarter worth $33,000. Russell Investments Group Ltd. raised its position in Transcontinental Realty Investors by 85.7% in the second quarter. Russell Investments Group Ltd. now owns 739 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 341 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Transcontinental Realty Investors by 43.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,032 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 315 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Transcontinental Realty Investors by 47.9% in 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 during the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Transcontinental Realty Investors in the 4th quarter valued at $82,000.

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.