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

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

Transcontinental Realty Investors Stock Performance

Shares of TCI opened at $28.91 on Monday. Transcontinental Realty Investors has a one year low of $26.29 and a one year high of $43.40. The stock’s fifty day moving average is $28.27 and its 200-day moving average is $28.76. The firm has a market capitalization of $249.78 million, a price-to-earnings ratio of 78.14 and a beta of 0.58.

Institutional Trading of Transcontinental Realty Investors

A number of hedge funds and other institutional investors have recently made changes to their positions in TCI. Renaissance Technologies LLC bought a new stake in Transcontinental Realty Investors during the second quarter worth approximately $219,000. BNP Paribas Financial Markets increased its position 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 valued at $87,000 after purchasing an additional 2,779 shares during the period. Barclays PLC raised its stake in shares of Transcontinental Realty Investors by 261.9% in the 3rd 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 in the last quarter. Finally, TCW Group Inc. lifted its holdings in shares of 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 buying an additional 382 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.