Transcontinental Realty Investors (NYSE:TCI) Now Covered by StockNews.com

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

Transcontinental Realty Investors Stock Performance

Shares of NYSE:TCI opened at $28.10 on Friday. The company’s 50-day moving average is $28.73 and its 200 day moving average is $29.37. The company has a market capitalization of $242.78 million, a P/E ratio of 48.57 and a beta of 0.59. Transcontinental Realty Investors has a fifty-two week low of $26.91 and a fifty-two week high of $43.40.

Hedge Funds Weigh In On Transcontinental Realty Investors

An institutional investor recently raised its position in Transcontinental Realty Investors stock. Russell Investments Group Ltd. raised its holdings in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) by 340.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 90,821 shares of the real estate investment trust’s stock after purchasing an additional 70,189 shares during the quarter. Russell Investments Group Ltd.’s holdings in Transcontinental Realty Investors were worth $3,419,000 as of its most recent filing with the Securities & Exchange Commission.

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.