Transcontinental Realty Investors (NYSE:TCI) Now Covered by StockNews.com

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

Transcontinental Realty Investors Price Performance

Shares of TCI stock opened at $29.81 on Tuesday. The stock has a 50-day moving average of $28.38 and a 200-day moving average of $28.78. Transcontinental Realty Investors has a one year low of $26.29 and a one year high of $43.40. The stock has a market cap of $257.56 million, a PE ratio of 80.57 and a beta of 0.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TCI. Barclays PLC boosted its holdings in shares of Transcontinental Realty Investors by 261.9% in the third quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 1,176 shares during the period. JPMorgan Chase & Co. increased its position in 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 buying an additional 1,505 shares during the last quarter. BNP Paribas Financial Markets raised its stake 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 valued at $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 2nd quarter worth about $219,000. Finally, TCW Group Inc. lifted its holdings 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 purchasing an additional 382 shares during 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.