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

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

Transcontinental Realty Investors Stock Down 2.2 %

Shares of Transcontinental Realty Investors stock opened at $29.81 on Tuesday. The company’s fifty day simple moving average is $28.46 and its two-hundred day simple moving average is $28.79. Transcontinental Realty Investors has a 12-month low of $26.29 and a 12-month high of $43.40. The firm 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 hedge funds have recently bought and sold shares of TCI. JPMorgan Chase & Co. grew its position in shares of Transcontinental Realty Investors by 182.6% in the 3rd 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. Barclays PLC lifted its stake in 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 worth $47,000 after acquiring an additional 1,176 shares during the period. TCW Group Inc. boosted its holdings in Transcontinental Realty Investors by 0.6% in the third quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock valued at $1,968,000 after acquiring an additional 382 shares in the last quarter. BNP Paribas Financial Markets increased its position in Transcontinental Realty Investors by 1,073.0% during 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 during the period. Finally, Renaissance Technologies LLC bought a new position in Transcontinental Realty Investors in the 2nd 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.