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

StockNews.com initiated coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a report issued on Tuesday morning. The brokerage issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Price Performance

NYSE TCI opened at $30.05 on Tuesday. The company has a market capitalization of $259.63 million, a price-to-earnings ratio of 81.22 and a beta of 0.58. Transcontinental Realty Investors has a 12 month low of $26.29 and a 12 month high of $43.40. The company’s fifty day moving average price is $28.51 and its two-hundred day moving average price is $28.80.

Hedge Funds Weigh In On Transcontinental Realty Investors

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Transcontinental Realty Investors by 182.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 1,505 shares during the period. Barclays PLC boosted its stake in 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 acquiring an additional 1,176 shares during the period. 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 valued at $1,968,000 after purchasing an additional 382 shares during the last quarter. BNP Paribas Financial Markets grew its holdings 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 valued at $87,000 after purchasing an additional 2,779 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Transcontinental Realty Investors during the 2nd quarter worth approximately $219,000.

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.