Transcontinental Realty Investors (NYSE:TCI) Now Covered by Analysts at StockNews.com

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

Transcontinental Realty Investors Stock Performance

Shares of TCI opened at $28.39 on Wednesday. The company has a 50-day simple moving average of $28.59 and a 200-day simple moving average of $28.82. Transcontinental Realty Investors has a 52 week low of $26.29 and a 52 week high of $43.40. The firm has a market capitalization of $245.29 million, a P/E ratio of 76.73 and a beta of 0.55.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. TCW Group Inc. raised its holdings in shares of Transcontinental Realty Investors by 0.6% in the 3rd quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock worth $1,968,000 after buying an additional 382 shares in the last quarter. Barclays PLC lifted its holdings in shares of 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 valued at $47,000 after acquiring an additional 1,176 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Transcontinental Realty Investors by 182.6% during the third quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 1,505 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of 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. Finally, Renaissance Technologies LLC bought a new stake in shares of Transcontinental Realty Investors in the 2nd quarter worth about $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.