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

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

Transcontinental Realty Investors Stock Down 0.8 %

NYSE:TCI opened at $28.60 on Monday. The firm has a market capitalization of $247.10 million, a price-to-earnings ratio of 49.31 and a beta of 0.57. The stock’s 50 day moving average price is $29.59 and its two-hundred day moving average price is $31.63. Transcontinental Realty Investors has a 12-month low of $27.04 and a 12-month high of $43.40.

Hedge Funds Weigh In On Transcontinental Realty Investors

Institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. raised its position 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. TCW Group Inc. raised its holdings in shares of Transcontinental Realty Investors by 1.5% during the fourth quarter. TCW Group Inc. now owns 67,987 shares of the real estate investment trust’s stock valued at $2,350,000 after purchasing an additional 1,002 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Transcontinental Realty Investors in the second quarter worth $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.