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

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

Transcontinental Realty Investors Trading Up 5.0 %

Shares of NYSE:TCI opened at $29.00 on Wednesday. Transcontinental Realty Investors has a 1 year low of $27.04 and a 1 year high of $43.40. The firm has a fifty day moving average price of $29.54 and a 200 day moving average price of $30.95. The stock has a market capitalization of $250.56 million, a PE ratio of 50.00 and a beta of 0.60.

Institutional Investors Weigh In On Transcontinental Realty Investors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC acquired a new stake in Transcontinental Realty Investors in the 2nd quarter worth approximately $219,000. TCW Group Inc. lifted its holdings in Transcontinental Realty Investors by 1.5% in the 4th 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 last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Transcontinental Realty Investors by 340.2% in the 1st quarter. Russell Investments Group Ltd. now owns 90,821 shares of the real estate investment trust’s stock worth $3,419,000 after purchasing an additional 70,189 shares during the last quarter.

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.