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

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

Transcontinental Realty Investors Price Performance

Shares of NYSE TCI opened at $28.76 on Friday. The company has a market cap of $248.44 million, a price-to-earnings ratio of 77.72 and a beta of 0.55. Transcontinental Realty Investors has a 1-year low of $26.29 and a 1-year high of $43.40. The stock’s 50-day moving average is $28.68 and its two-hundred day moving average is $28.79.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TCI. Renaissance Technologies LLC acquired a new stake in Transcontinental Realty Investors during the 2nd quarter worth about $219,000. BNP Paribas Financial Markets lifted 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 valued at $87,000 after purchasing an additional 2,779 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Transcontinental Realty Investors by 182.6% in the third quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,505 shares in the last quarter. Barclays PLC boosted its position in shares of Transcontinental Realty Investors by 261.9% in the third 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 during the period. Finally, TCW Group Inc. grew its holdings 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 valued at $1,968,000 after buying an additional 382 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.