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

StockNews.com initiated coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research report issued to clients and investors on Wednesday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Performance

TCI opened at $27.60 on Wednesday. Transcontinental Realty Investors has a one year low of $26.29 and a one year high of $43.40. The stock has a market cap of $238.46 million, a price-to-earnings ratio of 74.59 and a beta of 0.55. The stock’s 50 day moving average price is $28.58 and its 200-day moving average price is $28.80.

Institutional Investors Weigh In On Transcontinental Realty Investors

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC grew its stake in 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 acquiring an additional 1,176 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Transcontinental Realty Investors by 182.6% in the third quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,505 shares during the period. BNP Paribas Financial Markets grew its stake in 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. Renaissance Technologies LLC purchased a new position in Transcontinental Realty Investors during the 2nd quarter worth $219,000. Finally, TCW Group Inc. raised its position in Transcontinental Realty Investors by 0.6% during 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.

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.