StockNews.com Begins Coverage on Transcontinental Realty Investors (NYSE:TCI)

Equities research analysts at StockNews.com started coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a report released on Friday. The firm set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Performance

TCI opened at $27.61 on Friday. The company has a market cap of $238.55 million, a PE ratio of 47.60 and a beta of 0.59. The stock has a 50-day moving average of $29.08 and a 200-day moving average of $30.14. Transcontinental Realty Investors has a 52-week low of $26.91 and a 52-week high of $43.40.

Hedge Funds Weigh In On Transcontinental Realty Investors

An institutional investor recently raised its position in Transcontinental Realty Investors stock. Russell Investments Group Ltd. increased its position in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) by 340.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,821 shares of the real estate investment trust’s stock after buying an additional 70,189 shares during the period. Russell Investments Group Ltd.’s holdings in Transcontinental Realty Investors were worth $3,419,000 at the end of the most recent reporting period.

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.