Transcontinental Realty Investors (NYSE:TCI) Now Covered by StockNews.com

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

Transcontinental Realty Investors Trading Down 0.4 %

Transcontinental Realty Investors stock opened at $27.45 on Wednesday. Transcontinental Realty Investors has a 52 week low of $26.29 and a 52 week high of $43.40. The firm’s 50-day simple moving average is $28.07 and its 200 day simple moving average is $28.72.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Barclays PLC lifted its stake in 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 valued at $47,000 after buying an additional 1,176 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of 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 worth $87,000 after acquiring an additional 2,779 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Transcontinental Realty Investors in the second quarter worth $219,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Transcontinental Realty Investors by 340.2% in the first quarter. Russell Investments Group Ltd. now owns 90,821 shares of the real estate investment trust’s stock valued at $3,419,000 after acquiring an additional 70,189 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.