Transcontinental Realty Investors (NYSE:TCI) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Transcontinental Realty Investors (NYSE:TCIFree Report) in a research report report published on Friday. The firm issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Performance

Transcontinental Realty Investors stock opened at $28.76 on Friday. Transcontinental Realty Investors has a fifty-two week low of $26.29 and a fifty-two week high of $43.40. The business’s 50-day simple moving average is $28.68 and its two-hundred day simple moving average is $28.79. The company has a market cap of $248.44 million, a PE ratio of 77.72 and a beta of 0.55.

Transcontinental Realty Investors (NYSE:TCIGet Free Report) last released its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.20 EPS for the quarter. The business had revenue of $11.61 million for the quarter. Transcontinental Realty Investors had a net margin of 6.55% and a return on equity of 0.38%.

Institutional Investors Weigh In On Transcontinental Realty Investors

Several hedge funds have recently bought and sold shares of the stock. TCW Group Inc. boosted its stake in shares of 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 worth $1,968,000 after acquiring an additional 382 shares in the last quarter. Barclays PLC raised its position in Transcontinental Realty Investors by 261.9% during the third 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 period. JPMorgan Chase & Co. lifted its holdings in 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 in the last quarter. BNP Paribas Financial Markets grew its position in shares of Transcontinental Realty Investors by 1,073.0% in 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 purchased a new position in Transcontinental Realty Investors in the 2nd quarter valued at about $219,000.

About Transcontinental Realty Investors

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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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