Transcontinental Realty Investors (NYSE:TCI) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research note published on Monday. The brokerage issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Performance

Shares of Transcontinental Realty Investors stock opened at $28.60 on Monday. The company has a market capitalization of $247.10 million, a PE ratio of 49.31 and a beta of 0.57. The company has a 50-day simple moving average of $29.59 and a two-hundred day simple moving average of $31.63. Transcontinental Realty Investors has a one year low of $27.04 and a one year high of $43.40.

Institutional Investors Weigh In On Transcontinental Realty Investors

Several hedge funds have recently bought and sold shares of TCI. Renaissance Technologies LLC acquired a new position in Transcontinental Realty Investors in the 2nd quarter valued at $219,000. Russell Investments Group Ltd. purchased a new position in shares of Transcontinental Realty Investors in the 4th quarter valued at about $713,000. Finally, TCW Group Inc. boosted its holdings in Transcontinental Realty Investors by 1.5% in the fourth quarter. TCW Group Inc. now owns 67,987 shares of the real estate investment trust’s stock valued at $2,350,000 after purchasing an additional 1,002 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.