StockNews.com Begins 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 to investors on Sunday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Down 0.6 %

Transcontinental Realty Investors stock opened at $28.16 on Friday. The business has a 50 day moving average of $28.17 and a 200-day moving average of $28.74. Transcontinental Realty Investors has a 1 year low of $26.29 and a 1 year high of $43.40.

Institutional Trading of Transcontinental Realty Investors

Several institutional investors have recently added to or reduced their stakes in TCI. Barclays PLC raised its position in shares of Transcontinental Realty Investors by 261.9% in 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 in the last quarter. BNP Paribas Financial Markets lifted its stake in Transcontinental Realty Investors by 1,073.0% in 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 buying an additional 2,779 shares during the period. Renaissance Technologies LLC bought a new position in shares of Transcontinental Realty Investors during the 2nd quarter worth approximately $219,000. Finally, TCW Group Inc. increased its stake 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 valued at $1,968,000 after acquiring an additional 382 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.