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

Research analysts at StockNews.com assumed coverage on shares of Transcontinental Realty Investors (NYSE:TCI - Get Free Report) in a research note issued on Sunday. The firm set a "sell" rating on the real estate investment trust's stock.

Transcontinental Realty Investors Price Performance

Transcontinental Realty Investors stock traded up $0.54 during mid-day trading on Friday, hitting $27.59. The company's stock had a trading volume of 2,577 shares, compared to its average volume of 3,317. Transcontinental Realty Investors has a 52-week low of $25.50 and a 52-week high of $41.34. The company has a market cap of $238.38 million, a PE ratio of 74.57 and a beta of 0.52. The firm's 50 day moving average is $28.36 and its 200 day moving average is $28.52.

Insider Activity at Transcontinental Realty Investors

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental purchased 21,678 shares of the company's stock in a transaction dated Wednesday, January 29th. The shares were bought at an average price of $18.00 per share, for a total transaction of $390,204.00. Following the purchase, the insider now directly owns 3,403,248 shares in the company, valued at $61,258,464. This trade represents a 0.64 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 86.20% of the company's stock.

Institutional Investors Weigh In On Transcontinental Realty Investors

Several institutional investors and hedge funds have recently modified their holdings of TCI. Barclays PLC boosted its position 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 worth $47,000 after purchasing an additional 1,176 shares during the period. JPMorgan Chase & Co. lifted its stake 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 worth $67,000 after buying an additional 1,505 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings 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 buying an additional 2,779 shares during the period. Renaissance Technologies LLC acquired a new position in Transcontinental Realty Investors in the 2nd quarter valued at $219,000. Finally, TCW Group Inc. raised its holdings in 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.

About Transcontinental Realty Investors

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.