Transcontinental Realty Investors (NYSE:TCI) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Transcontinental Realty Investors, Inc. (NYSE:TCI)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 initiated coverage on shares of Transcontinental Realty Investors in a research note on Wednesday. They set a “sell” rating on the stock.

Transcontinental Realty Investors Price Performance

The firm has a fifty day simple moving average of $28.59 and a 200-day simple moving average of $28.82. The firm has a market cap of $245.29 million, a P/E ratio of 76.73 and a beta of 0.55.

Hedge Funds Weigh In On Transcontinental Realty Investors

A number of large investors have recently modified their holdings of the company. Renaissance Technologies LLC bought a new position in shares of Transcontinental Realty Investors in the second quarter valued at $219,000. BNP Paribas Financial Markets raised its holdings in shares of Transcontinental Realty Investors by 1,073.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock worth $87,000 after acquiring an additional 2,779 shares during the last quarter. Barclays PLC lifted its position in 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 valued at $47,000 after acquiring an additional 1,176 shares in the last quarter. 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 valued at $1,968,000 after purchasing an additional 382 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Transcontinental Realty Investors by 182.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 1,505 shares in the last quarter.

Transcontinental Realty Investors Company Profile

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.