Equities researchers at StockNews.com started coverage on shares of Transcontinental Realty Investors (NYSE:TCI – Get Free Report) in a research report issued to clients and investors on Tuesday. The brokerage set a “sell” rating on the real estate investment trust’s stock.
Transcontinental Realty Investors Price Performance
TCI opened at $28.11 on Tuesday. The stock has a market cap of $242.87 million, a P/E ratio of 48.47 and a beta of 0.60. 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 $29.58 and a 200 day moving average price of $31.30.
Institutional Investors Weigh In On Transcontinental Realty Investors
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its position 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 valued at $3,419,000 after buying an additional 70,189 shares during the period. TCW Group Inc. increased its stake in Transcontinental Realty Investors by 1.5% in the fourth quarter. TCW Group Inc. now owns 67,987 shares of the real estate investment trust’s stock valued at $2,350,000 after purchasing an additional 1,002 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Transcontinental Realty Investors during the 2nd quarter worth $219,000.
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.
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