StockNews.com initiated coverage on shares of Transcontinental Realty Investors (NYSE:TCI – Free Report) in a report released on Wednesday morning. The brokerage issued a sell rating on the real estate investment trust’s stock.
Transcontinental Realty Investors Price Performance
TCI stock opened at $27.15 on Wednesday. Transcontinental Realty Investors has a one year low of $26.29 and a one year high of $43.40. The stock has a market cap of $234.58 million, a price-to-earnings ratio of 73.38 and a beta of 0.55. The company has a fifty day moving average price of $28.58 and a two-hundred day moving average price of $28.80.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Barclays PLC increased its position in Transcontinental Realty Investors by 261.9% during the 3rd 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 in the last quarter. JPMorgan Chase & Co. boosted its position in Transcontinental Realty Investors by 182.6% during 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 during the period. BNP Paribas Financial Markets raised its stake in shares of 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 acquiring an additional 2,779 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Transcontinental Realty Investors during the second quarter worth $219,000. Finally, 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.
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.
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