StockNews.com began coverage on shares of Transcontinental Realty Investors (NYSE:TCI - Free Report) in a report released on Friday. The brokerage issued a sell rating on the real estate investment trust's stock.
Transcontinental Realty Investors Trading Down 0.3 %
NYSE:TCI traded down $0.09 during mid-day trading on Friday, hitting $28.76. 3,068 shares of the company's stock were exchanged, compared to its average volume of 3,891. Transcontinental Realty Investors has a fifty-two week low of $26.29 and a fifty-two week high of $43.40. The firm has a market capitalization of $248.41 million, a P/E ratio of 77.72 and a beta of 0.55. The company has a 50 day simple moving average of $28.68 and a 200-day simple moving average of $28.79.
Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported $0.20 EPS for the quarter. Transcontinental Realty Investors had a net margin of 6.55% and a return on equity of 0.38%. The company had revenue of $11.61 million for the quarter.
Institutional Investors Weigh In On Transcontinental Realty Investors
Several institutional investors and hedge funds have recently made changes to their positions in TCI. JPMorgan Chase & Co. boosted its holdings 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 acquiring an additional 1,505 shares during the last quarter. Barclays PLC lifted its position in shares of Transcontinental Realty Investors by 261.9% in the 3rd 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 during the period. TCW Group Inc. lifted its position in shares of Transcontinental Realty Investors by 0.6% in the 3rd 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 during the period. BNP Paribas Financial Markets boosted its stake in shares of 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 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 second quarter worth $219,000.
About Transcontinental Realty Investors
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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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