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

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

Transcontinental Realty Investors Stock Performance

Transcontinental Realty Investors stock opened at $27.81 on Thursday. Transcontinental Realty Investors has a 52-week low of $26.29 and a 52-week high of $43.40. The business has a 50-day simple moving average of $28.05 and a two-hundred day simple moving average of $28.71.

Institutional Trading of Transcontinental Realty Investors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC boosted 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 worth $47,000 after acquiring an additional 1,176 shares during the last quarter. BNP Paribas Financial Markets lifted its position 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 valued at $87,000 after purchasing an additional 2,779 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Transcontinental Realty Investors during the second quarter valued at about $219,000. TCW Group Inc. grew its holdings 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 valued at $1,968,000 after purchasing an additional 382 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Transcontinental Realty Investors by 340.2% in the first quarter. Russell Investments Group Ltd. now owns 90,821 shares of the real estate investment trust’s stock worth $3,419,000 after buying an additional 70,189 shares in 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.