StockNews.com assumed coverage on shares of Transcontinental Realty Investors (NYSE:TCI - Free Report) in a research report report published on Tuesday. The firm issued a sell rating on the real estate investment trust's stock.
Transcontinental Realty Investors Price Performance
Shares of TCI stock traded down $0.68 during trading hours on Tuesday, reaching $29.81. The stock had a trading volume of 2,358 shares, compared to its average volume of 4,488. The firm has a market capitalization of $257.56 million, a PE ratio of 80.57 and a beta of 0.58. The firm has a 50-day simple moving average of $28.38 and a 200-day simple moving average of $28.78. Transcontinental Realty Investors has a twelve month low of $26.29 and a twelve month high of $43.40.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of Transcontinental Realty Investors by 182.6% during 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 in the last quarter. Barclays PLC raised its position 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. TCW Group Inc. lifted its stake 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 acquiring an additional 382 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Transcontinental Realty Investors by 1,073.0% in the third quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust's stock valued at $87,000 after acquiring an additional 2,779 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Transcontinental Realty Investors during the second quarter valued at approximately $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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