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 report released on Monday. The firm set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Performance

Shares of NYSE:TCI opened at $28.91 on Monday. The stock has a market capitalization of $249.78 million, a price-to-earnings ratio of 78.14 and a beta of 0.58. Transcontinental Realty Investors has a 1-year low of $26.29 and a 1-year high of $43.40. The company has a 50 day moving average price of $28.27 and a 200 day moving average price of $28.76.

Hedge Funds Weigh In On Transcontinental Realty Investors

A number of hedge funds have recently modified their holdings of the stock. Barclays PLC lifted its holdings in shares of 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 valued at $47,000 after purchasing an additional 1,176 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Transcontinental Realty Investors by 1,073.0% during the 3rd 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. Renaissance Technologies LLC acquired a new stake in Transcontinental Realty Investors during the 2nd quarter worth about $219,000. Finally, TCW Group Inc. lifted its stake in 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 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.