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

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

Transcontinental Realty Investors Price Performance

Shares of TCI opened at $26.61 on Friday. The company has a 50 day simple moving average of $28.59 and a two-hundred day simple moving average of $28.68. Transcontinental Realty Investors has a 1 year low of $25.50 and a 1 year high of $41.34. The firm has a market cap of $229.87 million, a P/E ratio of 71.91 and a beta of 0.52.

Transcontinental Realty Investors (NYSE:TCI) last issued its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter. Transcontinental Realty Investors had a return on equity of 0.38% and a net margin of 6.55%. The company had revenue of $11.61 million during the quarter.

Institutional Investors Weigh In On Transcontinental Realty Investors

A number of large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Transcontinental Realty Investors by 182.6% in the third 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 last quarter. Barclays PLC increased its position 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 worth $47,000 after purchasing an additional 1,176 shares in the last quarter. TCW Group Inc. increased its position 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 worth $1,968,000 after purchasing an additional 382 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Transcontinental Realty Investors by 1,073.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock valued at $87,000 after buying an additional 2,779 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Transcontinental Realty Investors during the 2nd quarter worth $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.