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

Investment analysts at StockNews.com started coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research report issued on Sunday. The firm set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Price Performance

Shares of TCI stock opened at $28.20 on Friday. The company has a market cap of $243.65 million, a price-to-earnings ratio of 76.22 and a beta of 0.58. Transcontinental Realty Investors has a 1 year low of $26.29 and a 1 year high of $43.40. The firm has a fifty day moving average price of $28.17 and a 200-day moving average price of $28.75.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TCI. Renaissance Technologies LLC bought a new position in shares of Transcontinental Realty Investors during the 2nd quarter valued at approximately $219,000. TCW Group Inc. lifted its holdings in 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 purchasing an additional 382 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 purchasing an additional 1,176 shares during the period. Finally, BNP Paribas Financial Markets increased its stake 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 purchasing an additional 2,779 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.