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 report released on Wednesday morning. The brokerage issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Price Performance

TCI stock opened at $27.60 on Wednesday. The firm has a market capitalization of $238.46 million, a P/E ratio of 74.59 and a beta of 0.55. Transcontinental Realty Investors has a 52-week low of $26.29 and a 52-week high of $43.40. The company’s 50 day simple moving average is $28.58 and its 200-day simple moving average is $28.81.

Institutional Investors Weigh In On Transcontinental Realty Investors

A number of institutional investors have recently bought and sold shares of TCI. Barclays PLC lifted its position 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 buying an additional 1,176 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Transcontinental Realty Investors by 182.6% during the third quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 1,505 shares in the last quarter. BNP Paribas Financial Markets boosted its position in 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 valued at $87,000 after purchasing an additional 2,779 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Transcontinental Realty Investors during the 2nd quarter worth about $219,000. Finally, TCW Group Inc. raised its stake in shares of 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 worth $1,968,000 after purchasing an additional 382 shares in the last quarter.

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.