Investment analysts at StockNews.com started coverage on shares of Transcontinental Realty Investors (NYSE:TCI - Get Free Report) in a report released on Thursday. The brokerage set a "sell" rating on the real estate investment trust's stock.
Transcontinental Realty Investors Stock Down 2.0 %
Transcontinental Realty Investors stock traded down $0.57 during trading hours on Thursday, reaching $27.33. 1,538 shares of the stock were exchanged, compared to its average volume of 3,284. Transcontinental Realty Investors has a 52-week low of $26.29 and a 52-week high of $43.40. The firm's 50 day moving average is $28.55 and its 200 day moving average is $28.79.
Institutional Investors Weigh In On Transcontinental Realty Investors
Institutional investors have recently added to or reduced their stakes in the business. Barclays PLC raised its stake in shares of Transcontinental Realty Investors by 261.9% during the 3rd quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust's stock worth $47,000 after buying an additional 1,176 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Transcontinental Realty Investors by 1,073.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust's stock worth $87,000 after acquiring an additional 2,779 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Transcontinental Realty Investors during the second quarter worth $219,000. TCW Group Inc. grew its holdings in Transcontinental Realty Investors by 0.6% in the third quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust's stock valued at $1,968,000 after purchasing an additional 382 shares during the last quarter. Finally, JPMorgan Chase & Co. grew 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 purchasing an additional 1,505 shares during the last quarter.
Transcontinental Realty Investors Company Profile
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Get Free Report)
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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