Transcontinental Realty Investors (NYSE:TCI) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research note released on Wednesday. The brokerage issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Trading Down 0.4 %

NYSE TCI opened at $27.45 on Wednesday. The business’s 50 day moving average is $28.07 and its two-hundred day moving average is $28.72. Transcontinental Realty Investors has a 12-month low of $26.29 and a 12-month high of $43.40.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its stake in shares of Transcontinental Realty Investors by 340.2% during the 1st quarter. Russell Investments Group Ltd. now owns 90,821 shares of the real estate investment trust’s stock worth $3,419,000 after purchasing an additional 70,189 shares during the period. Renaissance Technologies LLC purchased a new stake in Transcontinental Realty Investors during the second quarter worth about $219,000. BNP Paribas Financial Markets grew its position in Transcontinental Realty Investors by 1,073.0% during the third 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. Finally, Barclays PLC grew 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 buying an additional 1,176 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.