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

Equities researchers at StockNews.com assumed coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a report issued on Saturday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Down 5.4 %

NYSE TCI opened at $25.85 on Friday. Transcontinental Realty Investors has a twelve month low of $25.84 and a twelve month high of $41.34. The company has a market capitalization of $223.30 million, a price-to-earnings ratio of 69.85 and a beta of 0.55. The stock has a fifty day simple moving average of $28.63 and a 200 day simple moving average of $28.73.

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

Hedge Funds Weigh In On Transcontinental Realty Investors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TCW Group Inc. grew its stake in shares of Transcontinental Realty Investors by 0.6% in the third quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock worth $1,968,000 after purchasing an additional 382 shares during the last quarter. Barclays PLC raised its holdings in 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 during the last quarter. JPMorgan Chase & Co. increased its holdings in 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 worth $67,000 after buying an additional 1,505 shares in 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 during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Transcontinental Realty Investors in the second quarter worth $219,000.

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.