Transcontinental Realty Investors (NYSE:TCI) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research note issued to investors on Tuesday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Trading Up 4.2 %

NYSE TCI opened at $30.49 on Tuesday. The stock has a market capitalization of $263.43 million, a price-to-earnings ratio of 82.41 and a beta of 0.58. The stock has a 50-day moving average of $28.33 and a 200 day moving average of $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 and other institutional investors have recently made changes to their positions in TCI. TCW Group Inc. increased 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 buying an additional 382 shares in the last quarter. Barclays PLC boosted its stake 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 worth $47,000 after acquiring an additional 1,176 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Transcontinental Realty Investors by 182.6% in the third quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 1,505 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Transcontinental Realty Investors by 1,073.0% during the third quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 2,779 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Transcontinental Realty Investors in the 2nd quarter valued at $219,000.

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.