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

StockNews.com initiated coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research report sent to investors on Tuesday morning. The firm issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Trading Down 2.2 %

NYSE TCI opened at $29.81 on Tuesday. Transcontinental Realty Investors has a 1 year low of $26.29 and a 1 year high of $43.40. The firm has a market capitalization of $257.56 million, a price-to-earnings ratio of 80.57 and a beta of 0.58. The firm’s 50 day simple moving average is $28.38 and its 200 day simple moving average is $28.78.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. TCW Group Inc. boosted its stake in shares of Transcontinental Realty Investors by 0.6% in the 3rd 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. Renaissance Technologies LLC acquired a new stake in Transcontinental Realty Investors in the second quarter valued at approximately $219,000. BNP Paribas Financial Markets lifted its stake in shares of 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 acquiring an additional 2,779 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Transcontinental Realty Investors by 182.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 1,505 shares in the last quarter. Finally, Barclays PLC grew its position in Transcontinental Realty Investors by 261.9% during the 3rd quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock worth $47,000 after acquiring 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.