Transcontinental Realty Investors (NYSE:TCI) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research note published on Friday morning. The brokerage issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Price Performance

Shares of NYSE TCI opened at $28.20 on Friday. The stock’s 50-day simple moving average is $28.06 and its 200-day simple moving average is $28.70. Transcontinental Realty Investors has a fifty-two week low of $26.29 and a fifty-two week high of $43.40.

Institutional Investors Weigh In On Transcontinental Realty Investors

Several large investors have recently modified their holdings of TCI. Renaissance Technologies LLC purchased a new stake in Transcontinental Realty Investors in the 2nd quarter valued at $219,000. Barclays PLC raised its holdings in shares of 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 valued at $47,000 after buying an additional 1,176 shares during the last quarter. BNP Paribas Financial Markets boosted 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 worth $87,000 after buying an additional 2,779 shares during the period. Finally, TCW Group Inc. grew its holdings 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 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.