Transcontinental Realty Investors (NYSE:TCI) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research report released on Sunday. The firm issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Performance

NYSE TCI opened at $28.31 on Friday. Transcontinental Realty Investors has a one year low of $26.91 and a one year high of $43.40. The company has a market capitalization of $244.60 million, a price-to-earnings ratio of 48.81 and a beta of 0.59. The company’s 50-day simple moving average is $28.73 and its two-hundred day simple moving average is $29.42.

Hedge Funds Weigh In On Transcontinental Realty Investors

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