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

Research analysts at StockNews.com started coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research note issued on Friday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Down 0.3 %

Shares of NYSE TCI opened at $28.76 on Friday. The stock has a market cap of $248.44 million, a P/E ratio of 77.72 and a beta of 0.55. The firm’s 50-day simple moving average is $28.68 and its 200 day simple moving average is $28.79. Transcontinental Realty Investors has a fifty-two week low of $26.29 and a fifty-two week high of $43.40.

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

Institutional Investors Weigh In On Transcontinental Realty Investors

Several hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in shares of 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 purchasing an additional 1,505 shares in the last quarter. Barclays PLC lifted its stake in 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 valued at $47,000 after purchasing an additional 1,176 shares during the last quarter. TCW Group Inc. boosted its holdings in Transcontinental Realty Investors by 0.6% during the third 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 in the last quarter. BNP Paribas Financial Markets grew its position in Transcontinental Realty Investors by 1,073.0% in the third quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock worth $87,000 after buying an additional 2,779 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Transcontinental Realty Investors in the second quarter valued at $219,000.

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.