StockNews.com started coverage on shares of Transcontinental Realty Investors (NYSE:TCI – Free Report) in a report released on Sunday. The brokerage issued a sell rating on the real estate investment trust’s stock.
Transcontinental Realty Investors Trading Up 6.0 %
Transcontinental Realty Investors stock opened at $29.90 on Friday. The company has a fifty day simple moving average of $28.17 and a 200 day simple moving average of $28.75. Transcontinental Realty Investors has a 1-year low of $26.29 and a 1-year high of $43.40. The company has a market cap of $258.34 million, a P/E ratio of 80.81 and a beta of 0.58.
Institutional Trading of Transcontinental Realty Investors
Several institutional investors and hedge funds have recently bought and sold shares of TCI. Barclays PLC grew its stake in Transcontinental Realty Investors by 261.9% in the third quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 1,176 shares in the last quarter. TCW Group Inc. raised its stake in shares of Transcontinental Realty Investors by 0.6% during the 3rd 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 in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of 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. Finally, Renaissance Technologies LLC bought a new position in shares of Transcontinental Realty Investors in the second quarter valued at $219,000.
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.
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