Analysts at StockNews.com assumed coverage on shares of Transcontinental Realty Investors (NYSE:TCI – Get Free Report) in a research note issued to investors on Wednesday. The brokerage set a “sell” rating on the real estate investment trust’s stock.
Transcontinental Realty Investors Price Performance
Shares of NYSE TCI opened at $28.49 on Wednesday. The company has a market capitalization of $246.15 million, a price-to-earnings ratio of 49.12 and a beta of 0.60. Transcontinental Realty Investors has a 1-year low of $27.04 and a 1-year high of $43.40. The business has a 50-day moving average of $29.57 and a 200-day moving average of $31.05.
Hedge Funds Weigh In On Transcontinental Realty Investors
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TCI. Renaissance Technologies LLC acquired a new position in shares of Transcontinental Realty Investors in the 2nd quarter valued at approximately $219,000. TCW Group Inc. raised its holdings in Transcontinental Realty Investors by 1.5% in 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 acquiring an additional 1,002 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Transcontinental Realty Investors by 340.2% during the 1st quarter. Russell Investments Group Ltd. now owns 90,821 shares of the real estate investment trust’s stock valued at $3,419,000 after acquiring an additional 70,189 shares during the last quarter.
Transcontinental Realty Investors Company Profile
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.
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