StockNews.com Begins Coverage on Transcontinental Realty Investors (NYSE:TCI)

Analysts at StockNews.com began coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research report issued to clients and investors on Thursday. The firm set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Down 0.4 %

Shares of TCI stock opened at $27.61 on Thursday. Transcontinental Realty Investors has a 12-month low of $26.29 and a 12-month high of $43.40. The firm has a fifty day moving average of $28.57 and a 200-day moving average of $28.80. The company has a market capitalization of $238.55 million, a price-to-earnings ratio of 74.62 and a beta of 0.55.

Institutional Trading of Transcontinental Realty Investors

Several hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC boosted its position 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 worth $47,000 after buying an additional 1,176 shares during the period. JPMorgan Chase & Co. lifted its stake in 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 acquiring an additional 1,505 shares in the last quarter. BNP Paribas Financial Markets boosted its position 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 during the last quarter. Renaissance Technologies LLC acquired a new position in Transcontinental Realty Investors during the 2nd quarter worth approximately $219,000. Finally, TCW Group Inc. grew its stake in shares of 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 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.