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 report published on Wednesday. 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. The business’s 50 day simple moving average is $28.07 and its 200 day simple moving average is $28.72. Transcontinental Realty Investors has a 12 month low of $26.29 and a 12 month high of $43.40.

Institutional Investors Weigh In On Transcontinental Realty Investors

Several institutional investors have recently added to or reduced their stakes in the business. Barclays PLC raised 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 valued at $47,000 after purchasing an additional 1,176 shares during the period. BNP Paribas Financial Markets grew its stake in Transcontinental Realty Investors by 1,073.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock valued at $87,000 after buying an additional 2,779 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Transcontinental Realty Investors during the 2nd quarter valued at $219,000. Finally, Russell Investments Group Ltd. raised its holdings in Transcontinental Realty Investors by 340.2% during the 1st 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 during the 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.