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

Analysts at StockNews.com initiated coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research note issued to investors on Monday. The firm set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Trading Down 6.7 %

Shares of TCI opened at $28.05 on Monday. The stock has a 50 day moving average of $29.57 and a 200 day moving average of $31.67. The company has a market capitalization of $242.35 million, a price-to-earnings ratio of 48.36 and a beta of 0.57. Transcontinental Realty Investors has a 12 month low of $27.04 and a 12 month high of $43.40.

Institutional Investors Weigh In On Transcontinental Realty Investors

A number of hedge funds have recently made changes to their positions in TCI. Russell Investments Group Ltd. lifted its position in shares of Transcontinental Realty Investors by 340.2% during the 1st quarter. Russell Investments Group Ltd. now owns 90,821 shares of the real estate investment trust’s stock valued at $3,419,000 after buying an additional 70,189 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Transcontinental Realty Investors during the second quarter valued at about $219,000. Finally, TCW Group Inc. boosted its position in Transcontinental Realty Investors by 1.5% during the fourth quarter. TCW Group Inc. now owns 67,987 shares of the real estate investment trust’s stock worth $2,350,000 after purchasing an additional 1,002 shares during the period.

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.