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

Stock analysts at StockNews.com assumed coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research note issued on Friday. The firm set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Trading Up 0.7 %

Shares of TCI opened at $28.76 on Friday. The company has a 50-day moving average of $28.66 and a two-hundred day moving average of $28.79. The stock has a market cap of $248.49 million, a P/E ratio of 77.73 and a beta of 0.55. Transcontinental Realty Investors has a 12-month low of $26.29 and a 12-month high of $43.40.

Transcontinental Realty Investors (NYSE:TCI) last announced its earnings results on Thursday, November 7th. The real estate investment trust reported $0.20 EPS for the quarter. The firm had revenue of $11.61 million for the quarter. Transcontinental Realty Investors had a return on equity of 0.38% and a net margin of 6.55%.

Institutional Trading of Transcontinental Realty Investors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TCI. TCW Group Inc. lifted its holdings in shares of Transcontinental Realty Investors by 0.6% during the 3rd quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock worth $1,968,000 after acquiring an additional 382 shares during the period. Renaissance Technologies LLC acquired a new position in Transcontinental Realty Investors during the second quarter worth approximately $219,000. BNP Paribas Financial Markets raised its stake in Transcontinental Realty Investors by 1,073.0% during the third quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 2,779 shares during the period. JPMorgan Chase & Co. boosted its holdings 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 valued at $67,000 after purchasing an additional 1,505 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Transcontinental Realty Investors by 261.9% during the 3rd quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 1,176 shares during the period.

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.