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

StockNews.com initiated coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a report released on Friday morning. The firm issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Down 2.4 %

Transcontinental Realty Investors stock opened at $28.20 on Friday. The firm has a market capitalization of $243.65 million, a PE ratio of 76.22 and a beta of 0.60. The firm’s 50-day simple moving average is $28.08 and its 200 day simple moving average is $28.69. Transcontinental Realty Investors has a 52 week low of $26.29 and a 52 week high of $43.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. TCW Group Inc. lifted its holdings in 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 purchasing an additional 382 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Transcontinental Realty Investors in the 2nd quarter valued at about $219,000. BNP Paribas Financial Markets lifted its holdings in Transcontinental Realty Investors by 1,073.0% in the 3rd 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. Finally, Barclays PLC lifted 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 valued at $47,000 after purchasing an additional 1,176 shares in the last quarter.

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.