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

StockNews.com started coverage on shares of Transcontinental Realty Investors (NYSE:TCI - Free Report) in a report released on Monday morning. The firm issued a sell rating on the real estate investment trust's stock.

Transcontinental Realty Investors Stock Up 0.7 %

Shares of NYSE:TCI traded up $0.19 during midday trading on Monday, reaching $27.69. The company's stock had a trading volume of 3,041 shares, compared to its average volume of 4,643. Transcontinental Realty Investors has a twelve month low of $26.91 and a twelve month high of $43.40. The firm has a market capitalization of $239.24 million, a PE ratio of 47.41 and a beta of 0.59. The stock has a fifty day moving average of $28.57 and a 200 day moving average of $29.09.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Transcontinental Realty Investors stock. Renaissance Technologies LLC purchased a new position in Transcontinental Realty Investors, Inc. (NYSE:TCI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,900 shares of the real estate investment trust's stock, valued at approximately $219,000. Renaissance Technologies LLC owned 0.09% of Transcontinental Realty Investors at the end of the most recent quarter.

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.