Research analysts at StockNews.com initiated coverage on shares of Transcontinental Realty Investors (NYSE:TCI - Get Free Report) in a note issued to investors on Wednesday. The brokerage set a "sell" rating on the real estate investment trust's stock.
Transcontinental Realty Investors Price Performance
TCI traded down $0.60 on Wednesday, reaching $27.60. 2,012 shares of the company traded hands, compared to its average volume of 4,502. Transcontinental Realty Investors has a 52-week low of $26.29 and a 52-week high of $43.40. The company has a market cap of $238.46 million, a price-to-earnings ratio of 74.59 and a beta of 0.55. The stock's 50 day moving average price is $28.59 and its 200-day moving average price is $28.82.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Barclays PLC raised its holdings in Transcontinental Realty Investors by 261.9% during the third quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 1,176 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 period. BNP Paribas Financial Markets grew its stake in 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 buying an additional 2,779 shares during the last quarter. Renaissance Technologies LLC bought a new position in Transcontinental Realty Investors in the 2nd quarter worth $219,000. Finally, TCW Group Inc. increased its stake in shares of 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 worth $1,968,000 after purchasing an additional 382 shares during the period.
Transcontinental Realty Investors Company Profile
(
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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