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

StockNews.com began coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a report released on Wednesday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Performance

Transcontinental Realty Investors stock opened at $28.39 on Wednesday. The business’s fifty day moving average is $28.59 and its two-hundred day moving average is $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. Transcontinental Realty Investors has a 52 week low of $26.29 and a 52 week high of $43.40.

Institutional Investors Weigh In On Transcontinental Realty Investors

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in shares of Transcontinental Realty Investors by 182.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 1,505 shares during the period. Barclays PLC lifted its stake in shares of Transcontinental Realty Investors by 261.9% during the third 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 during the period. TCW Group Inc. boosted its holdings 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 during the last quarter. BNP Paribas Financial Markets increased its position in 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 worth $87,000 after purchasing an additional 2,779 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in Transcontinental Realty Investors during the 2nd quarter worth about $219,000.

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.