Transcontinental Realty Investors (NYSE:TCI) Earns Sell Rating from Analysts at StockNews.com

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

Transcontinental Realty Investors Price Performance

Shares of Transcontinental Realty Investors stock opened at $27.45 on Wednesday. The company’s 50-day moving average price is $28.07 and its 200-day moving average price is $28.72. Transcontinental Realty Investors has a 12-month low of $26.29 and a 12-month high of $43.40.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TCI. Barclays PLC grew its holdings in shares of Transcontinental Realty Investors by 261.9% during the third quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,176 shares in the last quarter. BNP Paribas Financial Markets raised its position in 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 during the period. Renaissance Technologies LLC purchased a new position in shares of Transcontinental Realty Investors in the second quarter worth about $219,000. Finally, Russell Investments Group Ltd. increased its stake in Transcontinental Realty Investors by 340.2% in the 1st quarter. Russell Investments Group Ltd. now owns 90,821 shares of the real estate investment trust’s stock worth $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.