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

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

Transcontinental Realty Investors Trading Up 0.9 %

TCI stock opened at $27.94 on Monday. The stock has a market cap of $241.40 million, a PE ratio of 48.17 and a beta of 0.59. Transcontinental Realty Investors has a 12 month low of $26.91 and a 12 month high of $43.40. The company has a 50-day moving average price of $28.51 and a 200 day moving average price of $29.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Transcontinental Realty Investors stock. Renaissance Technologies LLC purchased a new stake in Transcontinental Realty Investors, Inc. (NYSE:TCI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,900 shares of the real estate investment trust’s stock, valued at approximately $219,000. Renaissance Technologies LLC owned 0.09% of Transcontinental Realty Investors as of its most recent filing with the Securities and Exchange Commission (SEC).

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.