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 note issued to investors on Thursday morning. The firm issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Price Performance

Transcontinental Realty Investors stock opened at $28.43 on Thursday. The company’s 50-day moving average is $28.04 and its 200 day moving average is $28.70. Transcontinental Realty Investors has a 1-year low of $26.29 and a 1-year high of $43.40.

Institutional Trading of Transcontinental Realty Investors

Institutional investors and hedge funds have recently made changes to their positions in the business. TCW Group Inc. grew its holdings in shares of Transcontinental Realty Investors by 0.6% in 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 last quarter. 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. BNP Paribas Financial Markets increased its position in shares of Transcontinental Realty Investors by 1,073.0% during the third quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock worth $87,000 after acquiring an additional 2,779 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Transcontinental Realty Investors during the second quarter valued at approximately $219,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Transcontinental Realty Investors by 340.2% in the first quarter. Russell Investments Group Ltd. now owns 90,821 shares of the real estate investment trust’s stock valued at $3,419,000 after purchasing an additional 70,189 shares during the period.

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.