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

Equities research analysts at StockNews.com began coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research report issued to clients and investors on Tuesday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Down 2.2 %

NYSE TCI opened at $29.81 on Tuesday. The firm has a market capitalization of $257.56 million, a PE ratio of 80.57 and a beta of 0.58. The stock’s 50 day moving average is $28.46 and its 200 day moving average is $28.79. Transcontinental Realty Investors has a twelve month low of $26.29 and a twelve month high of $43.40.

Institutional Trading of Transcontinental Realty Investors

A number of hedge funds and other institutional investors have recently modified their holdings of TCI. Barclays PLC grew its holdings in Transcontinental Realty Investors by 261.9% in the third quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,176 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Transcontinental Realty Investors by 182.6% during the third quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,505 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of 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 worth $87,000 after purchasing an additional 2,779 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Transcontinental Realty Investors in the 2nd quarter worth approximately $219,000. Finally, TCW Group Inc. increased its position in Transcontinental Realty Investors by 0.6% during 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 buying 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.