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

StockNews.com assumed coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a report published on Thursday. The firm issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Performance

Shares of TCI opened at $28.80 on Thursday. The firm has a market cap of $248.83 million, a price-to-earnings ratio of 49.66 and a beta of 0.60. The business’s fifty day moving average is $29.34 and its 200-day moving average is $30.45. Transcontinental Realty Investors has a 52-week low of $27.04 and a 52-week high of $43.40.

Institutional Trading of Transcontinental Realty Investors

An institutional investor recently bought a new position in Transcontinental Realty Investors stock. Renaissance Technologies LLC bought a new position in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,900 shares of the real estate investment trust’s stock, valued at approximately $219,000. Renaissance Technologies LLC owned 0.09% of Transcontinental Realty Investors at the end of the most recent reporting period.

About Transcontinental Realty Investors

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.