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

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

Transcontinental Realty Investors Stock Down 5.4 %

Transcontinental Realty Investors stock opened at $25.85 on Friday. The firm has a market cap of $223.30 million, a P/E ratio of 69.85 and a beta of 0.55. The business has a fifty day moving average of $28.63 and a two-hundred day moving average of $28.71. Transcontinental Realty Investors has a twelve month low of $25.84 and a twelve month high of $41.34.

Transcontinental Realty Investors (NYSE:TCI) last issued its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.20 earnings per share for the quarter. Transcontinental Realty Investors had a return on equity of 0.38% and a net margin of 6.55%. The firm had revenue of $11.61 million during the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in Transcontinental Realty Investors in the second quarter valued at approximately $219,000. BNP Paribas Financial Markets boosted its position in shares of Transcontinental Realty Investors by 1,073.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 2,779 shares in the last quarter. Barclays PLC grew its stake in Transcontinental Realty Investors by 261.9% during 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 during the last quarter. TCW Group Inc. grew its stake in 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 buying an additional 382 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Transcontinental Realty Investors by 182.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 1,505 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.