Transcontinental Realty Investors (NYSE:TCI) Research Coverage Started at StockNews.com

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

Transcontinental Realty Investors Trading Up 1.3 %

Shares of TCI opened at $28.91 on Monday. The firm has a market capitalization of $249.78 million, a price-to-earnings ratio of 78.14 and a beta of 0.58. The firm’s fifty day simple moving average is $28.28 and its 200-day simple moving average is $28.76. Transcontinental Realty Investors has a twelve month low of $26.29 and a twelve month high of $43.40.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TCI. Barclays PLC increased its stake in 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. BNP Paribas Financial Markets raised its stake in 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 acquiring an additional 2,779 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Transcontinental Realty Investors in the second quarter valued at $219,000. Finally, TCW Group Inc. boosted its stake in Transcontinental Realty Investors by 0.6% in the third quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock valued at $1,968,000 after acquiring an additional 382 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.