Transcontinental Realty Investors (NYSE:TCI) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $28.82 and traded as high as $29.11. Transcontinental Realty Investors shares last traded at $28.39, with a volume of 8,344 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Transcontinental Realty Investors in a research note on Wednesday. They issued a “sell” rating on the stock.

Transcontinental Realty Investors Trading Down 2.1 %

The stock has a market capitalization of $238.46 million, a price-to-earnings ratio of 74.59 and a beta of 0.55. The stock has a fifty day moving average of $28.58 and a two-hundred day moving average of $28.80.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Barclays PLC boosted its position in shares of Transcontinental Realty Investors by 261.9% in the 3rd quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,176 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Transcontinental Realty Investors by 182.6% during the third quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 1,505 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Transcontinental Realty Investors by 1,073.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock worth $87,000 after buying an additional 2,779 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Transcontinental Realty Investors in the 2nd quarter valued at approximately $219,000. Finally, TCW Group Inc. boosted its stake in Transcontinental Realty Investors by 0.6% during the 3rd quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock worth $1,968,000 after acquiring an additional 382 shares during the last quarter.

About Transcontinental Realty Investors

Transcontinental Realty Investors, Inc, a Dallas-based real estate investment company, holds a diverse portfolio of equity real estate located across the U.S., including office buildings, apartments, shopping centers, and developed and undeveloped land. The Company invests in real estate through direct ownership, leases and partnerships and invests in mortgage loans on real estate.