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

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

Transcontinental Realty Investors Stock Up 2.0 %

Shares of Transcontinental Realty Investors stock opened at $27.80 on Tuesday. The company has a market cap of $240.19 million, a price-to-earnings ratio of 40.29 and a beta of 0.60. The company’s 50 day moving average is $28.38 and its 200 day moving average is $28.89. Transcontinental Realty Investors has a twelve month low of $26.79 and a twelve month high of $43.40.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Transcontinental Realty Investors stock. Renaissance Technologies LLC acquired a new stake in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 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.

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.