Transcontinental Realty Investors (NYSE:TCI) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Transcontinental Realty Investors, Inc. (NYSE:TCI) shares 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.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Transcontinental Realty Investors in a research report on Wednesday. They issued a “sell” rating on the stock.

Transcontinental Realty Investors Stock Performance

The company has a market cap of $238.46 million, a P/E ratio of 74.59 and a beta of 0.55. The company has a fifty day moving average price of $28.58 and a two-hundred day moving average price of $28.80.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its position in shares of Transcontinental Realty Investors by 1,073.0% in the third quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock valued at $87,000 after buying an additional 2,779 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Transcontinental Realty Investors during the 2nd quarter worth approximately $219,000. TCW Group Inc. lifted its holdings 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. JPMorgan Chase & Co. boosted its position 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 purchasing an additional 1,505 shares during the period. Finally, Barclays PLC increased its holdings in shares of Transcontinental Realty Investors by 261.9% in the third quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 1,176 shares during 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.