Transcontinental Realty Investors (NYSE:TCI) Now Covered by StockNews.com

Research analysts at StockNews.com began coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a note issued to investors on Thursday. The firm set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Performance

NYSE:TCI opened at $28.80 on Thursday. Transcontinental Realty Investors has a 52-week low of $27.04 and a 52-week high of $43.40. The stock has a fifty day moving average of $29.34 and a 200 day moving average of $30.51. The firm has a market capitalization of $248.83 million, a price-to-earnings ratio of 49.66 and a beta of 0.60.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Transcontinental Realty Investors stock. Renaissance Technologies LLC bought a new stake in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,900 shares of the real estate investment trust’s stock, valued at approximately $219,000. Renaissance Technologies LLC owned about 0.09% of Transcontinental Realty Investors at the end of the most recent reporting period.

Transcontinental Realty Investors Company Profile

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.