StockNews.com initiated coverage on shares of Transcontinental Realty Investors (NYSE:TCI – Free Report) in a research report sent to investors on Wednesday. The brokerage issued a sell rating on the real estate investment trust’s stock.
Transcontinental Realty Investors Trading Down 1.8 %
TCI stock opened at $27.15 on Wednesday. The firm has a market cap of $234.58 million, a PE ratio of 73.38 and a beta of 0.55. The stock has a 50-day moving average price of $28.58 and a 200-day moving average price of $28.80. Transcontinental Realty Investors has a 1-year low of $26.29 and a 1-year high of $43.40.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of TCI. Barclays PLC raised its holdings in shares of 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 valued at $47,000 after purchasing an additional 1,176 shares during the period. JPMorgan Chase & Co. raised its stake in Transcontinental Realty Investors by 182.6% during the 3rd 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 period. BNP Paribas Financial Markets grew its stake 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 valued at $87,000 after acquiring an additional 2,779 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Transcontinental Realty Investors during the second quarter valued at approximately $219,000. Finally, TCW Group Inc. lifted its holdings in shares of 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 purchasing an additional 382 shares in the last quarter.
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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