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 report issued on Friday. The firm issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Performance

Shares of TCI stock opened at $28.76 on Friday. The stock has a 50 day moving average price of $28.68 and a 200 day moving average price of $28.79. The firm has a market capitalization of $248.44 million, a P/E ratio of 77.72 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.

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

Hedge Funds Weigh In On Transcontinental Realty Investors

Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position 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 in the last quarter. Barclays PLC lifted 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 valued at $47,000 after buying an additional 1,176 shares during the last quarter. TCW Group Inc. boosted its holdings in shares of Transcontinental Realty Investors by 0.6% in the 3rd quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock valued at $1,968,000 after buying an additional 382 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of 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. Finally, Renaissance Technologies LLC acquired a new position in shares of Transcontinental Realty Investors during the second quarter worth $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.