Transcontinental Realty Investors (NYSE:TCI) Coverage Initiated by Analysts at StockNews.com

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

Transcontinental Realty Investors Price Performance

NYSE:TCI opened at $27.69 on Friday. The company has a market cap of $239.24 million, a P/E ratio of 47.74 and a beta of 0.59. Transcontinental Realty Investors has a 1 year low of $26.91 and a 1 year high of $43.40. The stock’s fifty day moving average price is $28.65 and its two-hundred day moving average price is $29.25.

Institutional Investors Weigh In On Transcontinental Realty Investors

An institutional investor recently bought a new position in Transcontinental Realty Investors stock. Renaissance Technologies LLC acquired a new stake in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,900 shares of the real estate investment trust’s stock, valued at approximately $219,000. Renaissance Technologies LLC owned approximately 0.09% of Transcontinental Realty Investors as of its most recent filing with the SEC.

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.