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 report published on Saturday morning. The firm issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Price Performance

Shares of TCI opened at $26.61 on Friday. The firm has a 50-day moving average of $28.59 and a 200-day moving average of $28.68. Transcontinental Realty Investors has a one year low of $25.50 and a one year high of $41.34. The company has a market cap of $229.87 million, a PE ratio of 71.91 and a beta of 0.52.

Transcontinental Realty Investors (NYSE:TCI) last announced its earnings results on Thursday, November 7th. The real estate investment trust reported $0.20 EPS for the quarter. Transcontinental Realty Investors had a net margin of 6.55% and a return on equity of 0.38%. The business had revenue of $11.61 million during the quarter.

Institutional Investors Weigh In On Transcontinental Realty Investors

A number of institutional investors have recently added to or reduced their stakes in TCI. Renaissance Technologies LLC acquired a new stake in shares of Transcontinental Realty Investors during the second quarter worth $219,000. BNP Paribas Financial Markets raised its position in Transcontinental Realty Investors by 1,073.0% in the third quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock worth $87,000 after acquiring an additional 2,779 shares during the period. Barclays PLC increased its stake in shares of 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 worth $47,000 after purchasing an additional 1,176 shares in the last quarter. 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 in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Transcontinental Realty Investors by 182.6% during the third quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 1,505 shares in the last quarter.

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.