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

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

Transcontinental Realty Investors Stock Performance

NYSE:TCI opened at $28.76 on Friday. The company has a market capitalization of $248.44 million, a price-to-earnings ratio of 77.72 and a beta of 0.55. Transcontinental Realty Investors has a one year low of $26.29 and a one year high of $43.40. The stock has a 50-day simple moving average of $28.68 and a 200 day simple moving average of $28.79.

Transcontinental Realty Investors (NYSE:TCI) last issued its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported $0.20 earnings per share for the quarter. Transcontinental Realty Investors had a return on equity of 0.38% and a net margin of 6.55%. The business had revenue of $11.61 million during the quarter.

Hedge Funds Weigh In On Transcontinental Realty Investors

Institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new stake in shares of Transcontinental Realty Investors in the 2nd quarter worth approximately $219,000. BNP Paribas Financial Markets lifted its stake 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 valued at $87,000 after buying an additional 2,779 shares during the last quarter. Barclays PLC boosted its holdings 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. grew its position in shares of Transcontinental Realty Investors by 0.6% during the third 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 during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings 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 worth $67,000 after acquiring an additional 1,505 shares during the period.

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.