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 Monday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Performance

NYSE:TCI opened at $27.80 on Monday. Transcontinental Realty Investors has a 52-week low of $26.29 and a 52-week high of $43.40. The stock has a 50-day simple moving average of $28.25 and a 200 day simple moving average of $28.76. The company has a market cap of $240.19 million, a PE ratio of 75.14 and a beta of 0.58.

Institutional Trading of Transcontinental Realty Investors

A number of hedge funds have recently modified their holdings of TCI. Barclays PLC grew its stake in 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 worth $47,000 after buying an additional 1,176 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of 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 worth $87,000 after purchasing an additional 2,779 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Transcontinental Realty Investors in the second quarter worth approximately $219,000. Finally, TCW Group Inc. increased its position in shares of 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 worth $1,968,000 after buying an additional 382 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.