StockNews.com Begins Coverage on Transcontinental Realty Investors (NYSE:TCI)

StockNews.com started coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a report released on Monday. The brokerage issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Up 1.3 %

Shares of NYSE:TCI opened at $28.91 on Monday. Transcontinental Realty Investors has a fifty-two week low of $26.29 and a fifty-two week high of $43.40. The firm’s 50-day simple moving average is $28.28 and its 200-day simple moving average is $28.76. The company has a market cap of $249.78 million, a price-to-earnings ratio of 78.14 and a beta of 0.58.

Institutional Trading of Transcontinental Realty Investors

Several hedge funds have recently modified their holdings of TCI. Renaissance Technologies LLC purchased a new position in Transcontinental Realty Investors in the second quarter valued at about $219,000. BNP Paribas Financial Markets increased 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 purchasing an additional 2,779 shares in the last quarter. Barclays PLC raised its holdings 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 worth $47,000 after purchasing an additional 1,176 shares during the last quarter. Finally, TCW Group Inc. boosted its position 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 purchasing an additional 382 shares in the last quarter.

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.