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

Analysts at StockNews.com assumed coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a note issued to investors on Monday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Performance

TCI opened at $27.80 on Monday. Transcontinental Realty Investors has a fifty-two week low of $26.29 and a fifty-two week high of $43.40. The firm has a 50-day moving average of $28.25 and a 200 day moving average of $28.76. The firm has a market cap of $240.19 million, a P/E ratio of 75.14 and a beta of 0.58.

Institutional Investors Weigh In On Transcontinental Realty Investors

A number of institutional investors and hedge funds have recently made changes to their positions in TCI. BNP Paribas Financial Markets increased its position in shares of Transcontinental Realty Investors by 1,073.0% during 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 purchasing an additional 2,779 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Transcontinental Realty Investors during the 2nd quarter valued at $219,000. TCW Group Inc. boosted 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 worth $1,968,000 after purchasing an additional 382 shares during the period. Finally, Barclays PLC grew its position in shares of 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 worth $47,000 after buying an additional 1,176 shares during the last quarter.

About Transcontinental Realty Investors

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.